Canadian small business owners listened closely to Prime Minister Justin Trudeau and Finance Minister Bill Morneau on Friday as they announced the federal government's plans to help small businesses survive the financial crisis of COVID-19. I'm already carrying debt as a small business," said Jason Komendat, owner of Retro Rides, a bike shop in downtown Ottawa. - Wendy Friedman, small business ownerWendy Friedman of Halifax is an entrepreneur who doesn't like borrowing for her business. (Michelle Doucette)What kind of businesses CEBA loans could helpMorse believes the CEBA loans will work for some companies, particularly those that are already well capitalized. While Morse believes the government's small business package overall is positive news, he's concerned loans won't work for many "main street" small businesses.

Source: CBC News March 28, 2020 22:30 UTC