Starting a Business in Canada

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Dec 12, 2020 - 1 minute read - government

CEBA Program is Expanded

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.