Another assistance program from Trudeau misses its target

Un autre programme d’aide de Trudeau rate sa cible

A boss of a SME, coaching of Sherbrooke at the end of the roller that do not have the loan of $ 40,000 from the Account of emergency for canadian businesses denounces its criteria.

“Those who have built this program-there are not entrepreneurs. It is clear. This program needs to be accessible for real, otherwise it is sound. You are playing with time. It stretches the time, ” sighed Mireille Caron, owner of Encadrements Frontenac, Sherbrooke.

Launched in April, the urgency for canadian companies (CUEC), offers loans of $ 40,000 to small businesses affected by the COVID-19. Those that pay back in two years have the right to a grant of $10,000.

The catch is that the program, which has relaxed its rules several times, misses its target, according to the entrepreneurs here to be strangled by debts.

In Sherbrooke, in Estrie, Mireille Caron, who takes care of his little store alone in surviving to even its meager profits, is still not eligible.

“To be right, I must have fixed costs of rent, electricity, etc, of at least $ 40,000, but I only have 34 200 $, then it’s not working “, she summarizes.

Today, Ms. Caron, who has his job in the blood, does not exclude the bankruptcy.

“I have not paid my rent for four months. Thank god I have a landlord who understands. It has been that I would build a cage of glass against the COVID-19. I have 2000 $ to my service provider “, she says.

In Quebec, about 140 000 companies have been able to take Account of urgency for canadian companies as of the date of the 3rd July last, according to data obtained by The Newspaper.

SMES forgotten

In the country as a whole, 12% of SMES that have need of this emergency aid are still unable to have it, according to the canadian Federation of independent business (CFIB).

“We would like to see the threshold of $ 40 000 was to be reduced quickly because there are too many entrepreneurs who spend again in the meshes of the net. There is an emergency, ” said its vice-president, national affairs, Jasmin Guénette.

According to him, Ottawa should expand the eligibility criteria, increase the loan of 40 000 $ to 60 000 $ and expand its grant to the faster.

Contacted by The Newspaper, the cabinet of the minister of Small business, Mary Ng, recalled that the criteria have already been modified.

“We know that small business owners with bank accounts personal need our help, so we are working as quickly as possible to provide them with extra support during this difficult period,” added her tied up, Ryan Nearing.

He stated that the CUEC is only one of the measures of his government to support businesses during this unprecedented challenge.

“We will continue to help business owners and entrepreneurs as we enter the phase of reboot, and rebuild”, has he concluded about the program, which is expected to cost more than $ 55 billion $ to the Treasury.

To be eligible for the Account emergency for canadian companies (CUEC), the plaintiffs must prove that they have this year of the eligible expenditures can not be deferred between 40 000 and $ 1 500 000 $.

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