CEBA Loan application changes in effect

On the Government COVID Page

Expanded loan: We have recently expanded CEBA to include an additional interest-free $20,000 loan, 50% of which would be forgivable if repaid by December 31, 2022.

This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid by December 31, 2022.

Deadline to apply extended:

Business owners can apply for support until March 31, 2021 through their banks and credit unions.


Patricia Dent

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