CEBA $20,000 Program Increase

The Canada Emergency Business Account (CEBA) program has been increased by an additional $20,000, bringing the total CEBA loan amount to $60,000 per eligible business. Businesses who receive $60,000 in total CEBA loan proceeds will be eligible to receive a total forgiveness of $20,000 if $40,000 of the CEBA loan is repaid on or before December 31, 2022.

The application deadline is currently December 31, 2020.

Requesting the $20,000 CEBA expansion for existing CEBA Loans 

  1. Businesses can complete an online application at their financial institutions and will be required to provide the following information:
    • Their 9 Digit Canada Revenue Agency (CRA) Business Number (BN) which must have an Active and Effective date prior to March 1, 2020
    • They must enter the same account number and transit number as used in the original CEBA application

The CEBA program requires all applications for the CEBA expansion to be completed at the same financial institution where a business received their original CEBA loan. In addition, the CEBA expansion for existing CEBA borrowers is not a separate loan but an increase to the original CEBA loan.

Requesting the $60,000 CEBA Loan for Businesses without an existing CEBA Loan

Businesses who have not previously received a CEBA loan will be required to complete the full application process by following the steps below, depending on how they qualify for CEBA.

For Businesses with total employment income paid to employees in 2019 greater than $20,000 and less than $1.5 million, they only need to apply at

For Businesses with total employment income paid to employees in 2019 of $20,000 or less, but with non-deferrable eligible expenses greater than $40,000, they must follow the below 2-step application process:

  1. Apply through their bank
  2. If applying based on non-deferrable expense eligibility, business are to upload their supporting documents to the Government of Canada website at

For applicants who are required to complete steps 1 and 2 above, both must be completed in order to qualify under the updated CEBA eligibility criteria. The supporting documentation provided to the Government of Canada will be reviewed by the Government of Canada to verify the accuracy of the information provided prior to any funding.

The above information is for informational purposes only.