News Formal

MP Bachrach urges extension of small business loan repayments

  • 📰 PGCitizen
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Only 15 percent of small businesses have been able to make full repayment as December 31 deadline nears, says Skeena-Bulkley Valley NDP MP

Skeena-Bulkley Valley MP Taylor Bachrach is urging the federal government to assist struggling small businesses by extending the repayment period for Canada Emergency Business Account loans.

“There’s a simple way the finance minister can support small businesses like Grizzly Jim’s: extend the CEBA loan repayment period by an additional year,” Bachrach said. The repayment deadline is December 31, but three years after the pandemic started, only 15 percent of recipients businesses have been able to make full repayment, according to Bachrach, who is seeking a one-year extension.

According to the Canadian Federation of Independent Businesses, 49 percent of small businesses are still making below normal revenues, with those in hospitality, arts and recreation, retail and social services hit the hardest.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 65. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Small business gets creative and personal to combat rising inflationSmall businesses – new and established – can relate to the struggle
Bron: globeandmail - 🏆 5. / 92 Lees verder »