‘Completely unrealistic’ deadline extension on pandemic business loan ‘an insult,’ Manitoba restaurateur says | CBC News ...Middle East

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With deadlines approaching for business owners to repay a federal government-backed pandemic loan, some Manitoba businesses are questioning their ability to stay open. The Canadian emergency business account (CEBA) launched in April 2020 to help Canadian small businesses during the COVID-19 pandemic.  Businesses were offered zero-interest loans of up to $60,000 through the program. Up to $20,000 would be forgiven if the rest was repaid by a certain date. In September, the government granted an extension to that deadline, moving it from Dec. 31 to Jan. 18, 2024. If businesses make a refinancing application before Jan. 18 with the financial institution that provided their CEBA loan, the dead

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