'Hustle and apply': CFIB urges businesses to apply for CEBA refinancing bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it's time to move past trying to shift the deadlines for repayment.
The January 18 deadline to repay CEBA loans threatens the viability of some businesses and it’s “going to strangle loads of” them said CFIB president Dan Kelly.
Ottawa paid out close to $49 billion to nearly 900,000 businesses through CEBA. Now, many businesses are trying to refinance CEBA, and essentially taking a loan on a loan.
Merchant Opportunities Fund Increases BMO Credit Facility to $130 Million tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.