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Canada Emergency Business Account (CEBA)

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Ministère des Finances

The Canada Emergency Business Account will make $80,000 available to eligible Canadian businesses in the form of an interest-free loan.

Every business could receive up to $60,000 to pay operating costs during the crisis. This loan will be supplemented by a second loan of $20,000 for those who were more impacted by the pandemic.

Businesses should contact their financial institution to request the loan and show that they paid between $20,000 and $1.5 million in total payroll in 2019 or that they have non-deferrable expenses.

Repayment of the balance of the loan at the latest by December 31, 2022 will generate a writeoff of 25% of the loan, up to $10,000.

Businesses have until June 30, 2021 to apply.

For more details, the list of participating financial institutions and complet admission criteria, visit program's website.

Some conditions apply.

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