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Reminder CEBA – $40,000 loan for businesses

Reminder CEBA – $40,000 loan for businesses

Dear business members,

A reminder that the deadline for submitting your application to the Canada Emergency Business Account (CEBA) program has been extended to October 31, 2020. Eligible business members can complete the online application. After completing the application, you must upload the supporting documents to the government website at application-demande.ceba-cuec.ca.

Program features:

  • A $40,000 interest-free loan to help with operating costs that can’t be deferred as a result of COVID‑
  • $10,000 (25%) of the loan is eligible for complete forgiveness if $30,000 is fully repaid on or before December 31, 20‍22.
  • If the loan cannot be repaid by December 31, 20‍22, it can be converted into a 3‑year term loan at a 5% interest rate.

For the complete steps of the application process, see the press release by clicking here.

New

If you’ve applied for CEBA and have questions, please contact the new CEBA Call Centre at 1-888-324-4201 to receive a status update on your CEBA application. The CEBA call centre is open Monday to Friday from 8:00 am to 9:00 pm ET.

Thank you for your cooperation.

Sincerely,

Pierre Dorval
President & CEO
Caisse Alliance

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