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 June 30, 2021
Up to $20,000 loan forgiveness
By repaying $40,000 from your total $60,000 loan on or before December 31, 2022, will result in loan forgiveness of 33 percent (up to $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.
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

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