Source: business.financialpost.com

Here’s everything you need to know about the Canada Emergency Business Account

The federal government has rolled out a series of measures to help Canadian businesses and families weather the COVID-19 pandemic. Here’s everything you need to know about the Canada Emergency Business Account, or CEBA:

What is the CEBA?

The Canada Emergency Business Account is part of the federal government’s loan and loan-guarantee program for small and medium-sized businesses affected by the COVID-19 pandemic.​

The $25-billion program opened to applicants on April 9, and provides a $40,000 loan that is interest-free until Dec. 31, 2022.

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