The government recently extended the application period for CEBA until June 30, 2021. Charities and non-profit organizations who believe they meet the eligibility requirements are encouraged to apply. Organizations that remain unable to access CEBA may be eligible for other COVID response programs.

How long will CEBA be available?

CEBA is an interest-free loan until December 31, 2022.

Is the 40000 loan still available?

The $40,000 loans have zero-interest and are partially forgivable (25 percent) if repaid by December 31, 2022. The CEBA is meant for businesses that have experienced diminished revenues due to COVID-19, and face ongoing non-deferrable costs such as rent, utilities, insurance, taxes, and employment costs.