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What is the Canada Emergency Business Account?

CEBA is a federal government loan program that provides small and medium-sized businesses and not-for-profits with a limited-time, interest-free loan of up to $40,000 to help cover operating cost due to the economic impacts of COVID-19. More information can be found about the program at this link: https://ceba-cuec.ca/

As of December 4, 2020, the Government of Canada announced an expansion to the CEBA programThe CEBA program will now provide access to an additional $20K to eligible borrowers who already received a $40,000 loan and $60,000 for new applicants to CEBA.