Ceba Deadline News Today

Two Hamilton, Ont., outlets that recently paid back federal government pandemic support say they now have to make a few business model changes to cope with tight margins.

The deadline for small businesses to repay their CEBA debt and get up to $20,000 of their loans forgiven has arrived. Here's what to know.

As of December 2023, only 40 per cent of CFIB members reported having paid back their loans, and 'an alarming 17 per cent were quite certain' they wouldn't meet deadline.

As the deadline for pandemic loan repayments arrive, some small businesses owners in Atlantic Canada said they've struggled to access enough funds to pay back the full amount.

Ottawa paid out close to $49 billion to nearly 900,000 businesses through CEBA. Now, many businesses are trying to refinance CEBA, and essentially taking a loan on a loan.

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.

In a poll of tourism operators, some 45 per cent said they were likely or somewhat likely to shut down within three years unless the government steps in to adjust loan conditions.