January is often seen as the toughest month of the year for small businesses, especially those in retail, following the holiday season. It’s a stress that has only been magnified by the Jan. 18 deadline to repay the Canada Emergency Business Account (CEBA) loan. Hundreds of thousands of small businesses across the country took advantage of this fund when it was created during the COVID-19 pandemic to help ease the financial burden. Now the time has come to pay back the full $60,000 in loans, and many won’t be able to. “Small business owners are extremely optimistic, sometimes they are overly optimistic,” says Frédéric Gionet, senior policy analyst for the Canadian Federation of In
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