As the deadline for local businesses to repay their pandemic loans approaches, North Island MPs are asking for an extension.
The payback deadline for the Canada Emergency Business Account (CEBA) loans given out during the pandemic is on Jan. 18, and North Island-Powell River and Courtenay-Alberni MPs are asking the federal government to extend the repayment and loan forgiveness deadline, which they say will give small businesses who are still recovering from the pandemic and the higher cost of living time to “get back on their feet.