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CEBA 5.0

Application Deadline Closed: June 30, 2021


Canada Emergency Business Account (CEBA)

CEBA 5.0
Application Deadline Closed: June 30, 2021

This $55 billion program provides interest-free loans of up to $60,000 to small businesses and not-for-profit organizations. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000). As of October 26, 2020, eligibility for CEBA expanded by removing the previous March 1, 2020 condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. 

CEBA Requirements & Deadline Update:  
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 June 30, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion. (Deadline now closed)

If you have already applied for CEBA and have questions, please contact the CEBA Call Centre at 1-888-324-4201 (Call center is open Mon-Friday 8:00am-9:00pm). An agent will return your call within 3 business days between Monday and Friday from 10:00 am to 9:00 pm EST and can address the following types of questions:

  • What is the status of my application?
  • ​Why was my application declined?
  • Why was my submitted document rejected?

To view the status of your application online, click here. 

Please reach out to our Lending Department by email at or call 1.866.612.2300
For more information on CEBA please visit the Canada Emergency Business Account website