Madam Speaker, as I indicated in my initial response, government is not able to execute this type of emergency loan program on its own. It is our partnership with our banks and financial institutions across the country that allows business owners to use the program. I believe, in some cases, banks are able to transfer the money within hours, if not days. We very much rely on our banks in order to provide this service.
As members can imagine, the due diligence that banks have been undertaking for business accounts was not possible with personal accounts. This is why it took the extra time. It is why we have worked so hard over these last number of weeks and months in order to make it possible for everybody to benefit from the CEBA loan. I am very proud that everybody with a personal account will be able to use this emergency business account.