When reading through the information that the Canadian government has released regarding the CEBA loan, we noticed how the language is aimed primarily at product-based businesses. We, however, do think that there are some service-based businesses that may be eligible for CEBA. We think it is worth the required time and effort for these businesses to complete the application process.
Truck Drivers
One service-based business we definitely think should apply is truck drivers. The majority of truck drivers incur more than $40,000 in non-deferrable expenses. This would make them eligible for the program. The government does not include fuel on the list of non-deferrable expenses, but we believe an argument could be made for their inclusion.
In the following video, we talk about why we think some service-based businesses could be eligible for CEBA. We also go over the expenses we believe these businesses should claim during the application.
Of course, we cannot guarantee that service-based businesses that apply will receive CEBA. We do think, however, that a good argument can be made for why they should qualify!
If you do apply using these tips, please let us know how it goes so we can help other service-based business owners.
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