Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Canadian Bank: Bank and Toronto Restaurant

canadian bank: Their Toronto restaurant, Zezafoun, which is now also staffed by a number of part-time employees, nearly didn't come to fruition, according to CTV. It's almost impossible to start anything, said Aleid of her family's frustrating experience applying for a loan from a Canadian bank. But that was far from the biggest financial feat they faced. She said the bank didn't give her family a reason for their failed application. The bank rejected Aleid mother's loan application, so the family found a work around combining their savings and borrowing from family. In addition to the typical hurdles recent newcomers face such as language and cultural differences, those who want to start a business in their new country face unique challenges, including difficulties securing credit because they lack credit history or collateral. ( As reported in the news.