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Canada Emergency Business Account (CEBA)

Interest-free loans of up to $40,000 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 July 7, 2020

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

IS THIS THE RIGHT FINANCING FOR MY BUSINESS?

For small businesses and not-for-profits

This Program is meant to help you to pay non-deferrable operating expenses and quickly return to providing services to your community and create employment

Up to $10,000 loan forgiveness

By repaying 75% of your loan on or before December 31, 2022, you can keep the remaining 25% (up to $10,000)!

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.

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

HOW DO I APPLY?

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

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