Deadline looms for small business “pandemic” loan payback

Thursday, January 18 is the deadline for businesses that received a Canada Emergency Business loan during the pandemic to pay it back. Around 900 thousand business owners and non-profit groups across Canada took advantage of the program and received up to 60-thousand dollars in interest free loans to remain afloat. Business organizations say thousands of struggling groups will be forced to close if the government does not extend the deadline once again.  
Here in Alberta that number breaks down to 125,000 businesses or 6.8 million dollars in federal government loans.  Andrew Sennyah of the Canadian Federation of Independent Business says $20,000 of the $60,000 loan is forgivable if the rest is paid back by deadline day – Thursday.

Jeannette Rocher

Born in Puerto Rico, raised in Minnesota and Manitoba, Jeannette has had the opportunity to live in a variety of places including New York, Arizona, and Nevada. After completing college and a paid internship with CBC Winnipeg, Jeannette embarked on her journalism career by moving overseas to take a job on the island of Saipan in the Northern Mariana Islands. While overseas she covered stories in Fiji, Guam and Japan including the 2011 tsunami that hit Japan and its surrounding islands. She covered a mass shooting, an Earth quake, murder cases and other substantial court cases. In 2013 she moved to Alberta where she covered the devastating floods of High River and Medicine Hat for CTV News. She then went on to produce and host Go! Southern Alberta for Shaw TV. She now calls Miracle Channel home. In addition to reporting in the field, you can catch her anchoring daily weather reports, as well as longer interview segments on BCN, and the week-in-review show on BCN Weekends. 

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