Hang on a second. There's a clear difference between an individual who has lost income and who faces personal costs and who has the response benefit step in and a sole proprietor who not only also faces those same personal costs but also faces continued business costs. That's exactly what the CEBA is for. It's modest already if we're talking about a $40,000 interest-free loan with $10,000 forgivable. I'm just trying to understand what the rationale is for the $20,000 threshold, because it occurs to me that of course you can have criteria that ensure automatic approval of the loan, and that makes sense to me, but surely there ought to be some discretion here.
I have another constituent who's been banking with TD for 18 years for his business, but using a personal account, and he's now unable to access the $40,000 interest-free loan because it's not a business account. Surely the bank should have the discretion to say this has been a customer for the last 18 years and this individual should be approved.