logo BDC

Canada Emergency Business Account (CEBA)

Interest-free loans of up to $60,000 to help cover operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic, available through most financial institutions. Last updated on October 13, 2020

Looking for different financing options? See all COVID-19 programs


For small businesses and not-for-profits that continue to be seriously impacted by the pandemic

Access an interest-free loan of up to $20,000 in addition to the original CEBA loan of $40,000. This Program is meant to help you pay non-deferrable operating expenses and quickly return to providing services to your community and create employment—extended until December 31, 2020

Up to $20,000 loan forgiveness

By repaying $40,000 from your total $60,000 loan on or before December 31, 2022, you can keep the remaining $20,000.

Flexible terms

If the loan cannot be repaid by December 31, 2022, it can be converted into a 3-year term loan with an interest rate of 5%.

Repay at your pace

Principal payments can be made at your pace, without fees or penalties, by December 31, 2022.

Fast and easy

Applying is fast and easy. Contact your primary financial institution today.

Further details, including the launch date and application process will be announced in the coming days.

For more details on the Canada Emergency Business Account, visit the Government of Canada’s website

Is my business eligible?

Below are some of the eligibility criteria

Is my business eligible?

Your business is Canadian-based and in operation as of March 1, 2020

The business’s 2019 payroll was between $20,000 and $1.5 million

The loan is used to continue or resume operations

You have not previously used the program and will not apply for it at a different financial institution

The business has a federal tax registration


Contact your primary financial institution to apply

Looking for a different financing solution for your business? See how BDC can help

Frequently asked questions

Here are some answers to questions you may have on the Canada Emergency Business Account