Canada Emergency Business Account (CEBA)



The CEBA is designed to support small business owners in meeting their immediate cash flow needs and includes:

  • A $40,000 interest-free, government‑guaranteed loan to help pay for operating costs that can’t be deferred as a result of COVID‑19.
  • $10,000 (25%) of the $40,000 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 an interest rate of 5%.

What Businesses will qualify?

CEBA will benefit many Canadian small businesses who:

  • Demonstrate that they have paid $50,000 to $1M, in total payroll in 2019

How to apply for the CEBA?

Eligible businesses interested in applying for the CEBA will apply directly with their financial institutions.  This program is implemented by the eligible financial institutions, in cooperation with Export Development Canada.