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 a $60,000 CEBA loan or the $20,000 expansion.

*NEW* All applicants can now check the status of their CEBA Loan online at Please wait for 5 to 7 business days after finalizing your application before checking your status. The loan status website will be able to address the following types of questions:

  • What is the status of my application?
  • Why was my application declined? How can I fix those errors (if applicable)?


Why would you want to apply?

  • from the 40,000 you have to reimburse only 30,000 until December 31, 2022
  • from the 20,000 you have to reimburse only 10,000 until December 31, 2022
  • The loan is interest-free if is repaid until December 31, 2022
  • This forgiveness in loan reimbursement results in 20,000 taxable income in your company. Nice payout I would say!


How you can apply:

Go to your bank and apply for the 20,000 the same way you apply for 40,000.

Your application will be sent to CRA for approval.


Good Luck!



$60,000 CEBA loan or the $20,000 expansion

All applicants have until March 31, 2021, to apply.