CEBA Loans
As we now enter a new lockdown I’ve been speaking to many small business owners, and they are very afraid and need of a CEBA Loan. The new lockdown seems to be a lot tougher this time around as most businesses have followed the rules and have no cases in the their small business establishments, but we must get through it. Speaking to my hairdresser who is a small business owner and her sales are down 70%, She was unaware that she could get her rent subsidized, her staff kept on the payroll and an interest-free loan from the government that’s not repayable until the end of 2022 with a portion that is forgivable. Also if you did not pay the loan back by the end of 2022, it would also then convert into a loan for a five-year term at a low-interest rate.
Do not let lower Christmas sales get you down. The Government is here to help. If you are like my hairdresser any other small business that has lower sales and doesn’t understand how to apply for the benefits the government is providing, call or text me today at 416-697-6478 to get help with CEBA Loan application, Wage Subsidy, or the Rent subsidy program. You can also email me at info@bbsaccounting.ca or info@torontotaxexperts.ca. I will connect you with one of our accountants and we can start to get you back on track and save your business.
CEBA Loan
500 King St. W., Suite 300 – BBS Accounting CPA
