Interest-free loan supports Global 7000 business jet and CSeries passenger aircraft projects.
Expected to create up to 40 new jobs over four years.
The interest free loan will be repaid over 15 years starting in 2020.
Money will be used to help the company bid on big contracts.
Welland-based steel maker has secured $42 million in new credit in 2011 to finance capital needs
Stakes in the Swedish automaker are being bought by two Chinese companies
Chrysler will save $300 million in interest a year when it repays US$7.5 billion in and Canadian government loans today.