Board Minutes February 2023: Difference between revisions
→Budget (20 min)
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CEBA LOAN QUESTIONS | CEBA LOAN QUESTIONS | ||
*Is it possible to renegotiate? | *Is it possible to renegotiate? | ||
**No | **No. Only leeway is if federal government decides to defer the due date. | ||
*When/how will we found out if there is a deferral? | *When/how will we found out if there is a deferral? | ||
** | **It was announced in fall last year. If it happens, it could potentially be late 2023. | ||
**Many other businesses are in a similar boat, which could influence the likelihood of deferral | **Many other businesses are in a similar boat, which could influence the likelihood of deferral | ||