Sask. restaurant facing possible bankruptcy as pandemic loan payments approach | CBC News ...Middle East

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Miren Elordi is determined to keep her restaurant afloat, despite the potential for bankruptcy looming over her. Elordi used her savings to fulfil her lifelong dream of owning a business when she opened a Press’d Sandwich Shop franchise on Scarth Street in Regina in 2019. The pandemic hit a year later. Elordi said she’s been struggling to make ends meet ever since. “We’re just trying to survive every month,” she said. “More than two years has been a loss for us.” Like many other businesses, Elordi took out a Canadian emergency business account (CEBA) loan. The loans were given out to help businesses impacted by the pandemic.  Elordi got $60,000, and has to pay back $40,000 after some loan

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