Some small businesses say restrictions on Ottawa’s emergency-loan program have left them out in the cold [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Some small businesses say restrictions on Ottawa’s emergency-loan program have left them out in the cold Grim City Tattoo Club owner Memphis Mori sits in her shop on Oct. 6, 2019. Glenn Lowson/The Globe and Mail Although the federal and provincial governments are beginning to talk about how Canadian authorities might eventually start loosening the restrictions on work and movement they've imposed to keep COVID-19 from spreading, Prime Minister Justin Trudeau says actually doing so is some time off. The Canadian Press Grim City Tattoo Club owner Memphis Mori sits in her shop on Oct. 6, 2019. Canada’s largest banks approved more than $5-billion in no-interest loans to small businesses in the first five days of an emergency government program, but many small-business owners say they won’t qualify because of restrictions around payroll criteria. Initial demand for the loans, which are intended to bolster cash flow for businesses suffering from the impact of the new coronavirus, has
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