The CEBA loan program was first announced on March 27th and is intended to support small businesses struggling with the financial impact of COVID-19. Given just over half of the country's small businesses have only 1 to 4 workers, the relatively small $40,000 CEBA loan could be highly attractive. Even if they could get the government's wage subsidy, that does not help pay other operating expenses. "If we target small businesses with the CEBA loan program, why do we have this lower limit of $50,000 payroll?" Mottle can't access the CEBA program because he takes dividends from his company's revenue and cannot show a $50,000 payroll.

Source: CBC News April 08, 2020 21:54 UTC