Five months after the Liberal government announced more support for cash-strapped small businesses in the form of government-backed loans, tens of thousands of business owners still haven't been able to access that help, says one prominent business group. Roughly 60,000 to 80,000 businesses may still be waiting for the financial "lifeline" of additional CEBA help, said Corinne Pohlmann of the Canadian Federation of Independent Business (CFIB). A 'desperate need' for helpIt seems the process through which business owners provide that information has run into problems itself. Business owners also have been given a new, extended deadline to get those problems resolved. On Oct. 9, Finance Minister Chrystia Freeland promised additional loans of $20,000, up to half of which would be forgivable.

Source: CBC News March 02, 2021 23:03 UTC