Updated: Apr 29, 2020

To ensure that small businesses have access to the capital they need to see them through the current challenges, the Government of Canada has launched the new Canada Emergency Business Account, which has been implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).

This $25 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus.

This will better position them to quickly return to providing services to their communities and creating employment.

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).

How can I apply for the CEBA?

What are the eligibility requirements for the CEBA?

Are any Borrowers excluded from the CEBA?

#Canada #Covid #SmallBusiness #Entrepreneurship #Support #FinancialAid #Money #CEBA

3 views0 comments

Recent Posts

See All