ABA LAUNCHES BEAUTY BEATS TO SUPPORT THE CANADIAN BEAUTY INDUSTRY!

With the upcoming repayment deadline for CEBA loans looming over the heads of beauty pros across Canada, ABA has launched Beauty Beats to raise money through the power of music.

Beauty Beats is a playlist of donated music to be played & shared with 35,000 salons & their customers across Canada! Music artists from all genres are being asked to donate their songs to help raise money for Canadian Beauty Pros.

Money earned through streaming the playlist on platforms like Spotify and Apple Music will be divided equally among ABA Canada members to help pay off your CEBA loans!

ABA is calling on the federal government to give members more time to repay emergency pandemic loans. Salon and spa owners are dealing with a high level of stress and anxiety as the deadline looms to repay the Canada Emergency Business Account (CEBA) loans.The repayment deadline is Dec. 31, 2023. 

“Many of our members took on “substantial” amounts of debt over the last three years,” says Vince Riverso, ABA Chairperson. “Even if their income is inching closer to pre-pandemic levels, the businesses still have to make up for three years of losses, let alone repay the loan from the federal government.”

Businesses that repay their CEBA loans by Dec. 31, 2023 will be eligible to have up to $20,000 forgiven, but businesses that do not meet the deadline will have to repay their entire loan amount with interest, which will be calculated beginning on Jan. 1, 2024.

In the meantime, ABACanada.com has taken on a new initiative to help offset the pressure of repayment by the end of the year. Beauty Beats is a playlist of donated music to be played & shared with salons & your customers! Music artists from all genres are donating their songs to help raise money for Canadian Beauty Pros.

Money earned through streaming the playlist on platforms like Spotify and Apple Music will be divided equally among ABA Canada members to help pay off your CEBA loans!

Are you a beauty pro that could benefit from financial support? Sign Up Below!

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LISTEN NOW WHEREVER YOU FIND YOUR FAVOURITE MUSIC!