For status updates on previously submitted CEBA applications, contact the Government of Canada’s CEBA Call Centre at 1-888-324-4201 Opens your phone app. or visit the CEBA application status website Opens in new window..

Canada Emergency Business Account

What’s next?

Anticipating your application decision

Understanding the loan grace period

Taking advantage of loan forgiveness1

The next 5 years of your CEBA loan

Phase 1.

Before December 31, 2022

Phase 2.

December 31, 2022

Phase 3.

January 1, 2023

Phase 4.

December 31, 2025

CEBA loan at a glance

Loan amount


Loan terms prior to December 31, 2022

Interest rate

0%

Principal payments

Not required


Forgiveness


Loan terms after January 1, 2023

Term

Interest rate

Repayments

 


Repayments prior to December 31, 2022


Repayments after January 1, 2023