End of April 2020
Progress is being made. Parts of Europe and Asia are loosening the lockdown. Will North America be next? If you believe President Trump, it should have happened yesterday. While we take baby steps to ensure our safety, it still seems like little if any progress is being made at all. Businesses that aren’t essential services are still locked out. Government just announced rent relief for those businesses that are having a hard time paying their rent. Plans are in effect to help offset the rent for April, May, and June which must be initiated by the landlord. The new plan calls for businesses to pay 25% of their rent while the government covers 50%. So, if you are a landlord, the government is hoping that a guarantee of 75% of your rent being paid will offset the possibility of no rent being paid at all. All sounds well and good but for those businesses’ that have had to shut their doors for the last 6 weeks with no money coming in, how do you pay 25% of your rent with no money in the coffers at all.
The government is also offering a $40,000 loan. $30,000 must be paid back with the government forgiving the remaining $10,000. It’s a free $10,000 gift from the government. What good is a free loan if businesses aren’t allowed to open their doors? It may be the case of too little too late!
COVID-19 has cut a swath thru the economy and most businesses will never ever recover. Where people have spent a lifetime perfecting their craft and providing for their families, it now means potentially starting over from scratch with nothing to show for their many years in business.
Succession plans have turned into bankruptcy plans. While we can all blame the pandemic for the state of the economy, the Government has to shoulder some of the blame as well. Although the financial aid is greatly appreciated, the help should be been immediate. Business owners are telling their landlord – “You can’t get blood from a stone”!
MBE is highly active as a group in creating social awareness through various media platforms including social media. Our goal is to play the role of a catalyst in helping the Government get through the tough times and be resilient and consistent in the recovery and sustenance efforts.
The crisis is truly huge. Many large and small businesses in Canada have suffered and those who are self-employed are most affected. With cash flow almost nonexistent for most, why not turn to MBE. We provide loans at affordable rates to help people get back on their feet and add some
semblance to their lives. Our consultants and experts are ready to give you the best advice regarding loan provisions and what steps are best suited during these current financial times. Our experience in similar capacities has shown that we, at MBE, are excellent in dealing with our clients especially in their hour of need.
Your health is the most precious thing and without that, what do we have. MBE Insurance is providing Life Insurance coverage. Although Canada is at the low end of the scale when it comes to other major countries in the world when it comes to deaths associated with COVID 19, the risk of death has increased during these current times and there is no better time to make sure you have a life insurance policy to make sure that your loved ones are taken care of.
Your Life insurance policy with MBE is the ultimate security for you and your family. It not only provides a sense of safety but also gives you the freedom to enjoy your life without fear of sudden death.
Why not take advantage of our recovery loan options as nothing is predictable in the business world these days. MBE Accounting is helping its business customers in the process of acquiring fast recovery loans. Please Connect with Mr. Mahmood Naqvi: 1-866-667-1377 Ext: 205, Email: email@example.com
MBE Insurance is offering you the best life or business insurance deals with affordable premiums. It is of the utmost importance to have the proper coverage during these unpredictable times due to the ‘COVID-19’ pandemic. To cover your business from bankruptcy or to have life insurance due to the recent pandemic, please Contact, Mr. Syed Hassan: 1-866-667-1377 Ext: 215, Email: firstname.lastname@example.org
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