The Member of Parliament for Beauport-Côte-de-Beaupré-Île d’Orléans-Charlevoix, Caroline Desbiens, believes that the one-year deferral for the repayment of loans from the Canadian Emergency Business Account (CEBA) granted by the Ministry of finances does not meet the needs of Quebec businesses which need more respite.
Supported by the Canadian Federation of Independent Business (CFIB), the Bloc Québécois insists “that we must give more oxygen in the reimbursement terms to businesses that have benefited from CEBA, especially in a context of inflation and uncertainty economic which already threatens to lead to a wave of closures,” we can read in a press release issued by the MP’s office.
“Pushing back the date for requesting a loan from financial institutions by 18 days, postponing the deadline by three months to completely repay the interest-free loans granted during the pandemic, this is very clearly below the expectations and needs of businesses. While the rise in interest rates hurts SMEs, the government’s rigidity risks causing a pandemic of bankruptcies from the start of next year,” believes the Bloc member.
The Bloc Québécois is also demanding that Ottawa grant more flexibility to businesses that have received loans under the CEBA. “We are asking the government to offer businesses that need it the opportunity to obtain additional time and conclude a reimbursement agreement without losing their subsidies,” says Ms.me Goods.
The MP proposes in particular that the government establish a direct communication channel with businesses rather than delegating its own responsibilities to the banking sector.
2023-09-26 23:06:11
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