Small firms borrowing to refinance COVID loans, says business group

By John Schofield (March 26, 2024, 4:07 PM EDT) -- An estimated 23 per cent of small businesses in Canada have had to borrow money to refinance their Canada Emergency Business Account (CEBA) loans to maintain access to the forgivable portion, according to a survey by the Toronto-based Canadian Federation of Independent Business (CFIB)....