How much your business can receive:
- CEBA: Your business can receive a loan of up to $60,000. If you repay the balance by December 31, 2023, your loan will be interest-free with 33% discount (up to $20,000).
- CEBA Extension: If your business is already qualified for a CEBA loan, you may receive a $20,000 extension. If you repay the balance by December 31, 2023, your loan will be interest-free with a maximum repayable of $10,000.
Each financial institution determines the form of its CEBA loan. For example, the loan may be granted to you through a credit card, a line of credit or a term loan, as defined in the general conditions. Contact your financial institution if you have any further questions or concerns.
Program duration: From April 9, 2020 to June 30, 2021
How to register: Submit a request to your financial institution. See the list of service providers on the CEBA website.
Registration deadline: June 30, 2021 (the program is now closed to new applications)
Deadline for uploading documents: Please see the FAQs
Eligibility criteria: See the FAQ below for more details.
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