What Is CEBA?


The Canada Emergency Business Account (CEBA) is a loan of up to $60,000 (up to $20, 000 is forgivable). This program is legislated by the Federal Government, administered by Export Development Canada (EDC), and delivered through financial institutions with the intent of helping businesses pay their non-deferrable expenses during this challenging period. The CEBA has two streams of eligibility: the Payroll stream and the Non-Deferrable Expense stream. If you previously received a loan of up to $40,000, you can apply for the CEBA expansion to increase your loan by an additional $20,000 ($10,000 of which is forgivable if repaid before Dec 31, 2022).


How much your business can receive:

  • CEBA: Your business can receive a loan of up to $60,000. If you repay the balance on or before December 31, 2022, your loan will be interest-free with 33% forgivable (up to $20,000).
  • CEBA expansion: If your business has already qualified for a CEBA loan, you can receive an expansion of $20,000. If you repay the balance on or before December 31, 2022. Your loan will be interest-free with up to $10,000 forgivable.

Each financial institution determines the form of their CEBA loan. For example, the loan may come to you via a credit card, line of credit, or term loan as defined in the terms and conditions. Contact your financial institution if you have further questions or concerns.

Program duration: April 9, 2020, to June 30, 2021

How to apply: Apply through your financial institution. See the list of providers on the CEBA website.

Application Deadline: June 30, 2021

Document upload deadline: April 9, 2021. If you are resubmitting documents the deadline is May 7, 2021.

Eligibility criteria: See the FAQ below for details.

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