Category: ceba loans

Canadian Chamber of Commerce Joins Calls for Extension of CEBA Repayment Deadline

July 24, 2023
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The Canadian Chamber of Commerce and a coalition of industry associations have joined calls for the federal government to extend the deadline for small businesses to repay pandemic loans received through the Canada Emergency Business Account program. A letter to Finance Minister Chrystia Freeland on Monday urges her to push back the repayment deadline by…

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Nearly 20% of Canadian Small Businesses Risk Closing if COVID Loan Deadline Not Extended: Industry Group

June 18, 2023
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A quarter of a million small businesses in Canada, roughly 19 percent of all small businesses in the country, may have to shut down next year if the government does not extend a deadline to repay COVID loans, according to an industry group. The Canadian Federation of Independent Business (CFIB) issued a statement on June…

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Business Group Says Small Businesses Need More Time to Repay Pandemic Loans

May 11, 2023
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Close to 80 percent of Canada’s small businesses need extra time to repay emergency pandemic relief loans without interest charges, according to the Canadian Federation of Independent Business (CFIB). CFIB said in a May 10 news release that the deadline to repay the Canada Emergency Business Account (CEBA) loan on an interest-free basis expires by…

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