COVID loan repayment deadline an ‘anvil around the necks of business,’ Toronto advocate warns

COVID loan repayment deadline an ‘anvil around the necks of business,’ Toronto advocate warns

Local businesses in Toronto are facing a looming deadline to repay — or refinance — tens of thousands of dollars each in government-backed emergency loans offered during the COVID-19 pandemic. The upcoming deadline means small- and medium-sized businesses and non-profit organizations eligible to receive a portion of their loans forgiven could lose out on that forgiveness…

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