Canada Emergency Business Account (CEBA)

December 2020

The CEBA is an excellent program (for those that qualify) provided by the Government of Canada to help bridge the current economic situation for Canadian Businesses. Below are some recent changes to the CEBA but you are encouraged to visit the CEBA website for full details at https://ceba-cuec.ca/.

Good luck everyone.

• As of December 4, 2020, CEBA loans for eligible businesses will increase from $40,000 to $60,000.
• Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in financing.
• All applicants have until March 31, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion.