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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.
Esso Chamber
Shoppers Drug Mart - Save 20% on Thursdays
NRG Alternatives - 10% Discount
Be Prepared First Aid Traning - 15% off
Belleville & District Shrine Club
Allen Insurance - Exclusive Chamber Member Rates
Dinkles & Paulos Restaurants - 10% OFF
RBC - Save on Bank charges
Superior Propane - Save 5% on fixed price propane
Cloud Bookkeeping Services - 10% OFF
RBC - Save on Bank charges
Parsons Cleaners Member offer - 10% OFF
Jesan Property Maintenance - SAVE 10%
Papa Johns Pizza Member Offer- 25% off
Dinkles & Paulos Restaurants - 10% OFF
Shoppers Drug Mart - Save 20% on Thursdays
Belleville & District Shrine Club
Cloud Bookkeeping Services - 10% OFF
Body Systems Nutrition - 15% OFF purchases.
NRG Alternatives - 10% Discount
Esso Chamber
Be Prepared First Aid Traning - 15% off
Superior Propane - Save 5% on fixed price propane
Allen Insurance - Exclusive Chamber Member Rates
Be Prepared First Aid Traning - 15% off
NRG Alternatives - 10% Discount
Dinkles & Paulos Restaurants - 10% OFF
Cloud Bookkeeping Services - 10% OFF
Esso Chamber
Shoppers Drug Mart - Save 20% on Thursdays
RBC - Save on Bank charges
Papa Johns Pizza Member Offer- 25% off
Belleville & District Shrine Club
Parsons Cleaners Member offer - 10% OFF
Jesan Property Maintenance - SAVE 10%
Body Systems Nutrition - 15% OFF purchases.
Superior Propane - Save 5% on fixed price propane
Allen Insurance - Exclusive Chamber Member Rates