If your small business qualifies, the Canada Emergency Business Account provides access to a $60,000 interest free loan. Applicants that received the previous $40,000 amount may apply for the $20,000 expansion. All applicants will have until June 30, 2021 to apply for the $60,000 CEBA loan or the $20,000 expansion.
Repaying the loan on or before December 31, 2022 will result in loan forgiveness of 33% (up to $20,000). You can contact your Business Account Manager to see if you qualify or to discuss repayment.
To apply please contact your Business Account Manager.
** If you intend to apply for a CEBA loan under the Non-Deferrable Expenses stream, please complete a CEBA Eligibility Test and provide your CEBA pre-screen number to the credit union when you apply. **
Read about the CEBA Guidelines here.
Below is a self-serve tool for CEBA applicants to check the status of their application directly:
If you have applied for a CEBA loan and still need to provide evidence of non-deferrable expenses, documents can be uploaded to the CEBA Document Upload Website but please note, the site works best in Chrome and Safari browsers.