The Canada Emergency Business Account (CEBA) requirements and deadlines have changed.

• As of December 4, 2020, CEBA loans for eligible businesses will increase from $40,000 to $60,000.
• Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in financing.
• All applicants have until March 31, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion.