Update on the Canada Emergency Business Account

Canada Emergency Business Account now open to businesses using personal banking accounts

As of today, businesses and non-profit organizations that have been operating out of personal banking accounts can access these interest-free loans.

Over the coming days, smaller financial institutions will also be ready to accept applications.

To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is December 31, 2020