Small Business BC files for bankruptcy

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The non-profit society provided grants and services to businesses in B.C., with funding from two levels of government

Small Business BC has filed for bankruptcy, a month after the federal government announced it would give the not-for-profit $2.7 million.

Last year, SBBC told BIV it had distributed more than $20 million in business recovery grants to 19,000 businesses as of 2023. SBBC made its bankruptcy filing Dec. 5. It is listed as “permanently closed” on Google, its website is down, its CEO is on leave and some of its employees are looking for work.

In 2023, SBBC had more than $10.6 million in assets, including $9.2 million in internally restricted cash and term deposits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GST holiday will be a ‘nightmare’ say small business ownersSmall business owners say the federal government's plan for a two-month GST holiday will not only be a huge headache but will also cost them thousands of dollars.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

What to do when your small business goes viral for the wrong reasonsThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Source: globeandmail - 🏆 5. / 92 Read more »

Nova Scotia Liberals highlight housing plan, NDP talks support for small businessHALIFAX — Nova Scotia’s Liberal and NDP leaders highlighted platform pledges related to housing and support for small businesses Friday, as Progressive Conservative Leader Tim Houston campaigned outside of Halifax.
Source: SooToday - 🏆 8. / 85 Read more »

GST Holiday: A Relief for Shoppers, A Nightmare for Small Business OwnersChampioned by the Trudeau government as a way to ease affordability concerns during the Christmas season, the GST holiday will cover dozens of items including children's clothes and toys, video games and consoles, restaurant meals, wine, beer, candy, and snacks. However, it's already proving to be a 'nightmare' for small business owners, leading to discussions on the podcast 'Inside the Village' with Dan Kelly, president of the Canadian Federation of Independent Businesses, also touching on the Canada Post strike and Donald Trump's proposed plans.
Source: SooToday - 🏆 8. / 85 Read more »

Ottawa’s pandemic small business loan program lacked checks and balances: AGAuditor general Karen Hogan says the Canada Emergency Business Account program wasn’t managed with 'due regard for value for money.'
Source: GlobalCalgary - 🏆 50. / 61 Read more »

With Canada Post strike underway, small business owners scramble to make other arrangementsA striking Canada Post workers holds a heart-shaped sign that reads 'I love my public postal service' in French, as employees picket outside a post office in Rimouski, QC.
Source: CBCAlerts - 🏆 37. / 63 Read more »