Government Financial Relief Programs
List all government programs and what they mean for credit union members.
Canada Emergency Business Account (CEBA) The CEBA program offered interest-free loans of up to $60,000 to small businesses and not-for-profits. Launched on April 9, 2020, (CEBA) was one of the Government of Canada’s financial relief measures to support Canadian businesses that have been adversely affected by COVID-19. The deadline to apply was June 30, 2021.
The Government of Canada announced that the repayment deadline for CEBA loans in good standing to qualify for loan forgiveness and the interest free period end date will both be extended to December 31, 2023.
Important reminders regarding the terms of your CEBA Loan: