The federal government's Canada Emergency Business Account offered interest-free loans of up to $60,000 to small businesses during the COVID-19 pandemic.
"That’s why I’m joining other premiers in asking the federal government to give small businesses a chance to recover with more time to qualify for loan forgiveness and by extending CEBA loan repayments for another year." The emergency business program approved $49.2 billion in loans to small businesses and not-for-profits during the pandemic.
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