LISTEN NOW WHEREVER YOU FIND YOUR FAVOURITE MUSIC!
HELP GIVE BACK TO CANADIAN BEAUTY INDUSTRY PROFESSIONALS!
The Beauty Industry is struggling to recover from COVID closures, inflation & workforce shortages. The repayment of the $40,000 Canadian Emergency Business Account (CEBA) loans on December 31, 2023 is looming.
Beauty pros are losing sleep, taking out high-interest loans & maxing out their credit cards to avoid a $20,000 penalty + 5% interest. If they don’t repay CEBA before the deadline, it could force many of them into bankruptcy.
THE IMPACT ON THE BEAUTY INDUSTRY IN CANADA:
10000
Businesses potentially have to pay back $60,000 CEBA loans
$
10000000
will be taken out of the industry this year alone by the Canadian Government
$
100000000
would stay in our industry if businesses could pay back their CEBA loans
