Area of Law: Coronavirus COVID-19
Answer # 7251
Canada Emergency Business Account (CEBA)
Region: Ontario Answer # 7251The Canada Emergency Business Account (CEBA) program deadlines have passed
The CEBA program offered interest-free loans of up to $60,000 to small businesses and not-for-profits. Deadlines for applying to CEBA have passed.
Repayment deadlines
For past applicants who received a loan, the Government of Canada has announced that
- the forgiveness repayment date of January 18, 2024, for eligible CEBA Loan Holders in good standing has now passed. Eligible CEBA Loans that remain outstanding are now non-amortizing term loans with full principal repayment due on December 31, 2026.
Applicants seeking updates on application status
Applicants can check the status of their CEBA loan online at https://status-statut.ceba-cuec.ca/. Applicants may also call the CEBA Call Centre at 1-888-324-4201, available Monday to Friday from 9AM to 6PM Eastern Standard Time, excluding statutory holidays.
More info
For more information on CEBA, visit the Government of Canada Canada Emergency Business Account (CEBA) website.
For information on Government of Canada resources for businesses, their employees and self‑employed individuals, such as financial support, loans and access to credit, visit Canada.ca.
Provincial relief programs for businesses: There may also be financial relief programs and incentives for businesses available from provincial governments. For more info, visit our related links and resources for what is available where you live.
For up-to-date information on Coronavirus COVID-19, visit Health Canada, the World Health Organization, and our related links.
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