Interest-free loans of up to $60,000 to eligible businesses.
Latest Update - July 1st, 2021: New applicants can no longer apply for a $60,000 CEBA loan or the $20,000 expansion at their financial institution.
What is the Canada Emergency Business Account (CEBA)?
The Canada Emergency Business Account (CEBA) supports businesses by providing financing for expenses that cannot be avoided or deferred when the business is shutdown during the pandemic. The aim is to help businesses successfully relaunch when the economy reopens.
This $55 billion program provides interest-free loans of up to $60,000 to small businesses and not-for-profits. If the balance of the loan is repaid on or before December 31st, 2022, businesses can receive loan forgiveness of 33 per cent—up to $20,000.
You must complete the CEBA application at your primary financial institution by latest June 30th, 2021.
Who is Eligible?
The program is for small businesses and not-for-profit organizations, including:
- Owner-operated small businesses that do not have a payroll
- Sole proprietors receiving business income directly
- Family-owned corporations remunerating in the form of dividends rather than payroll
The CEBA pre-screen tool is a quick tool for you to see if you may be eligible for CEBA. Visit the CEBA website for full eligibility requirements.
Questions About Your Application?
CEBA applicants can now check your application status online. Or, if you have already applied for CEBA and have questions, please contact the CEBA Call Centre at 1-888-324-4201. An agent will return your call within three business days. The CEBA call centre is open Monday to Friday from 10:00 am to 9:00 pm EST and can address the following types of questions:
- What is the status of my application?
- Why was my application declined?
- Why was my submitted document rejected?
- Apply through your financial institution
- Eligible businesses will qualify for financing of up to $60,000, with 33 per cent of this being forgivable based on the current terms of CEBA loans
- Businesses that don't meet the eligibility criteria for CEBA can apply for funding under Western Economic Diversification Canada’s Regional Relief and Recovery Fund (RRRF)
- Other Government of Canada COVID response programs can cause adjustments to the amount of 2020 non-deferrable expenses
- Each qualifying business is limited to one CEBA loan
- Application deadline: June 30th, 2021.
- Canada Emergency Business Account (CEBA) FAQs
- CEBA Application FAQs
- Non-Deferrable Expense Stream - CEBA Document Upload Instruction Guide (PDF)
- Non-Deferrable Expense Stream - Document Upload Instruction Guide
- Non-Deferrable Expense Stream - Document Upload FAQs
- Non-Deferrable Expense Stream - Document Upload Site
- CEBA Pre-Screen Tool
- CEBA Pre-Screen Tool Instruction Guide
- Check your application status online
Frequently Asked Questions About CEBA
Who can I contact to ask about my application?
Contact your primary financial institution for more information or to apply directly for CEBA.
What if my application is denied?
Businesses that don't meet the eligibility criteria for CEBA can apply for funding under Western Economic Diversification Canada’s Regional Relief and Recovery Fund (RRRF).