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Port Hope is a municipality located by the Ganaraska River in Northumberland County with a population of around 16,000 people. The municipality's local economy has been struggling to move forward and right now its main economic activities are retail and tourism. On the other hand, most of the town's active workforce is comprised of approximately 8,000 people who are mainly employed by manufacturing, retail, and health care businesses located in neighboring communities. More than 70% of its workers commute to perform their duties and the average household income is approximately $88,000.
Short-term borrowing alternatives in Port Hope may be limited and, therefore, what can you do when there isn't any money left and waiting until payroll isn't an option?