small business loans

Ottawa could lose more than -billion in CEBA pandemic loans to small businesses
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Ottawa could lose more than $5-billion in CEBA pandemic loans to small businesses

Export Development Canada’s head office in Ottawa on Feb. 14, 2019.Justin Tang/The Globe and Mail Ottawa may be unable to recoup $5-billion or more of the $49-billion in emergency loans it extended to small businesses during the pandemic lockdowns, according to a government projection. The task of chasing down business owners to collect on the mountain of debt issued during the most acute phase of the pandemic, when many struggled to survive widespread shutdowns, was recently handed by the federal government to the Canada Revenue Agency. Ottawa announced the Canada Emergency Business Account (CEBA) loan program on April 9, 2020,…
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Small Business Grants to Jumpstart Your Plans
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Small Business Grants to Jumpstart Your Plans

In the early months of the pandemic, Connie Nguyen says sales dropped 70% overnight at Snowbite, a modern Vietnamese eatery… In the early months of the pandemic, Connie Nguyen says sales dropped 70% overnight at Snowbite, a modern Vietnamese eatery in Pharr, Texas. As the restaurant’s owner, Nguyen has since faced a nightmarish pivot to curbside pickup, fear for the health of employees and customers and rising operating costs that placed a further strain on her business. Hers is a familiar story, one that’s been replicated across industries and states since early 2020. But unlike the hundreds of thousands of…
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