If you weren’t able to attend LOWBIC’s Annual General Meeting last week, here’s what you missed. In 2014 LOWBIC approved lending solutions to 24 businesses for a total amount of $1.75 million dollars. The total lending portfolio value is now approximately $7.2 million dollars! As a result of this lending activity, 92 jobs were created and maintained throughout 2014. In the self-employment benefit program, 6 new clients were approved while 6 more completed the program. 11 fulltime jobs were created as a result of the SEB program.
To cap it all off, Minister Greg Rickford announced $1.5 million of funding from FedNor over five years, commenting on the great work that LOWBIC has done!