Canada Emergency Business Account
Learn more about the Canada Emergency Business Account (CEBA) for small business.
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.
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 $1,500,000 or more, you do not qualify for CEBA. However, there are other relief measures that you may qualify for. Please visit our Commercial Business Banking Relief site to find out more, or contact your Agriculture Specialist or Healthcare & Professional Specialist, Automotive Finance Relationship Manager, or Business Banking Relationship Manager if your business is experiencing financial hardship as a result of COVID-19.
We will work with you, individually, to offer advice and assistance with liquidity and financial covenant relief, including temporary lending payment deferrals or other forms of short-term support to customers who meet required qualifications.