The Surrey Board of Trade says it is urging Ottawa to again extend the fast-approaching repayment deadline for emergency pandemic loans it says many small businesses won’t be able to repay without shuttering.
President and CEO Anita Huberman says around 600 businesses in Surrey, southeast of Vancouver, most with only a handful of employees, are already struggling in a “perfect storm” of rising costs, supply chain delays and labour shortages.
And with the deadline to repay the Canada Emergency Business Account (CEBA) loans looming in December, “another ingredient in the perfect storm is about to arise as we are facing the ‘great opportunity’ to repay
