Canada Emergency Business Account

What is the Canada Emergency Business Account?

The CEBA program provides interest-free loans of up to $60,000 to small businesses and not-for-profits.

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).

As of October 26, 2020, eligibility for CEBA expanded by removing the previous March 1, 2020 condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. For more information about this new criteria or other criteria established since the launch of CEBA we recommend you visit the FAQs below.

As of December 4, 2020 approved CEBA applicants can now receive a $60,000 loan. CEBA applicants who have received the $40,000 CEBA loan may apply the CEBA expansion, which provides eligible businesses with an additional $20,000 of financing.

Please be advised that the June 30, 2021 CEBA Application Period Deadline Has Passed

New applicants can no longer apply for a $60,000 CEBA loan or the $20,000 expansion at their financial institution.

For additional information, visit https://ceba-cuec.ca/.