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CEBA loan eligibility now expanded

The expanded Canada Emergency Business Account (CEBA) is now open for applications. This means that more small businesses can access it.

As of June 26, 2020, businesses eligible for CEBA now include

  • owner-operated small businesses that do not have a payroll,
  • sole proprietors receiving business income directly
  • family-owned corporations remunerating in the form of dividends rather than payroll.

Applicants will have to demonstrate having eligible non-deferrable expenses between Cdn. $40,000 and Cdn. $1,500,000 in 2020.

The expanded CEBA is being made available gradually by more than 230 financial institutions across the country, starting with the larger banks.  Other participating financial institutions will start offering the program over the coming weeks.

The Government of Canada launched CEBA to ensure that small businesses have access to the capital they need to see them through the current challenges, and better position them to quickly return to providing services to their communities and creating employment.

This $55 billion program, implemented by eligible financial institutions in cooperation with Export Development Canada (EDC), provides interest-free loans of up to $40,000 to small businesses and not-for-profits.

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).

Get more information at ceba-cuec.ca

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Shoppers Drug Mart - Save 20% on Thursdays
Grand & Toy - Cost-saving solutions
Cloud Bookkeeping Services - 10% OFF
Friendly Fires - 10% OFF
Body Systems Nutrition - 15% OFF purchases.
Allen Insurance - Exclusive Chamber Member Rates
Jesan Property Maintenance - SAVE 10%
Group Benefit Plan for Chamber Members
Esso Chamber
Papa Johns Pizza Member Offer- 25% off
Quinte Siding - 10% OFF
Belleville & District Shrine Club
OSM Website design - SAVE on services.
Parsons Cleaners Member offer - 10% OFF
Grand & Toy - Members can save up to 85%
Be Prepared First Aid Traning - 15% off
Dinkles & Paulos Restaurants - 10% OFF
RBC - Save on Bank charges
St. John Ambulance - Discount on training
Superior Propane - Save 5% on fixed price propane
Stirling Festival Theatre - Group Discounts available to members
NRG Alternatives - 10% Discount
Constant Contact Chamber Member Offer
Grand & Toy - Cost-saving solutions
Shoppers Drug Mart - Save 20% on Thursdays
Belleville & District Shrine Club
Stirling Festival Theatre - Group Discounts available to members
St. John Ambulance - Discount on training
OSM Website design - SAVE on services.
Dinkles & Paulos Restaurants - 10% OFF
NRG Alternatives - 10% Discount
Jesan Property Maintenance - SAVE 10%
Esso Chamber
Quinte Siding - 10% OFF
Be Prepared First Aid Traning - 15% off
Group Benefit Plan for Chamber Members
Cloud Bookkeeping Services - 10% OFF
Superior Propane - Save 5% on fixed price propane
Allen Insurance - Exclusive Chamber Member Rates
Constant Contact Chamber Member Offer
Grand & Toy - Members can save up to 85%
Papa Johns Pizza Member Offer- 25% off
Parsons Cleaners Member offer - 10% OFF
Body Systems Nutrition - 15% OFF purchases.
RBC - Save on Bank charges
Friendly Fires - 10% OFF