Atum Financial Services Inc

News & Events


CEBA Loan Extension


The federal government has extended the deadline for the repayment of the Canada Emergency Business Account.


The interest-free loan was set to expire on December 31st of this year has now been extended until December 31st, 2023.


Small businesses and not-for-profits could apply for the CEBA program from April 9th, 2020, to June 30th, 2021, to get an interest-free loan of up to $60,000.


The government has also announced that if the balance on the loan is paid on or before December 31st, 2023, that it would result in loan forgiveness of up to $20,000 or 33%. Also announced was the interest rate of 5% per year for all outstanding loan balances. The outstanding loans would become two-year loans starting on January 1st, 2024 and ending on December 31st, 2025.


Those who qualified for partial forgiveness for CEBA-equivalent lending through the recovery fund and regional relief have also been extended until December 31st, 2023.


The CEBA loan has helped over 898,000 businesses during the COVID-19 pandemic with over $49 billion spent.

Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn


Blog Contributor Portrait
Annie Puran
September 19, 2023
show Annie's posts
Blog Contributor Portrait
Tanysha Serkissoon
February 22, 2022
show Tanysha's posts

Latest Posts

Show All Recent Posts