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