Canada Emergency Business Account
Learn more about the Canada Emergency Business Account (CEBA) for Commercial businesses.
The CEBA Application period for New $60,000 loans and $20,000 Expansions has now ended effective June 30th, 2021.
Applications submitted prior to the June 30th deadline will be processed provided required documents are uploaded within the permitted time frame and approval of your application is received from the Government of Canada.
Businesses that were declined for a $20,000 Expansion will be able to update information submitted on their original $40,000 loan. Invitations to update this information will be sent to eligible customers by email.
Please refer to https://ceba-cuec.ca/ for current program dates and details.
What is CEBA?
The Canada Emergency Business Account (CEBA) is a $60,000 limited-time, interest-free loan for your business until December 31, 2022.
What was your organization’s payroll expense in the 2019 calendar year?
Up to and including $20,000 (includes businesses with no payroll expenses in 2019)
If your payroll in 2019 was above $1,500,000, you do not qualify for the Canada Emergency Business Account (CEBA). However, there are other Government of Canada relief programs you may be eligible to receive (i.e. Export Development Canada (EDC) Business Credit Availability Program (BCAP) and The Business Development Bank of Canada Business Credit Availability Program). If your business is experiencing financial hardship as a result of COVID-19, please contact your Agriculture Relationship Manager, Healthcare & Professional Specialist, Automotive Finance Relationship Manager, or Business Banking Relationship Manager to discuss further or visit our Commercial Business Banking COVID-19 Website.