CEBA Program Extended to October 31 – $40,000 Interest-Free, Partially-Forgivable Loans
The Burnaby Board of Trade applauds today’s announcement by the federal government that the application deadline for the Canada Emergency Business Account (CEBA), which offers interest-free loans of up to $40,000 to small businesses and not-for-profits, has been extended to October 31, 2020.
These loans, 25% of which is forgivable and does not need to be paid back, provide valuable cash flow support for many businesses facing challenges during COVID-19.
The Burnaby Board of Trade encourages our members to explore utilizing this program if it would be helpful to their business. For more information on CEBA read our program breakdown here.