Taking CEBA loan was a “big mistake”: N.S. business owner

A small business owner in Nova Scotia says she wishes that she hadn’t receive a CEBA loan during the pandemic and that her business should have “died” years ago.

Thursday marked the deadline to repay Canada Emergency Bank Account (CEBA) loans or apply for refinancing and qualify for partial forgiveness. It comes after repeated efforts from small businesses and their lobby groups to see the federal government offer a further extension failed.

The loan was introduced during the pandemic to help smaller Canadian employers weather the financial storm caused by COVID-19 lockdowns, 898,271 businesses received $49.2 billion from the federal government in CEBA loans. #shorts

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