Eligible businesses facing financial hardship as a result of the COVID-19 pandemic are now able to access a second Canada Emergency Business Account (CEBA) loan of up to $20,000 – on top of the initial $40,000 that has been made available to small businesses. Half of this additional financing, up to $10,000, will be forgivable if the loan is repaid by December 31, 2022.

This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the loan is repaid on time.

For more information, please visit: https://ceba-cuec.ca/