Pay back the minimum required portion of your CEBA loan by December 31, 2023 to qualify for the forgiveness benefit. Find out more under FAQ — Loan Details.

Canada Emergency Business Account

What’s next for your funded loan?

Anticipating your application decision

Understanding the loan grace period

Taking advantage of loan forgiveness1

The next few years of your CEBA loan

Phase 1.

Before December 31, 2023

Phase 2.

December 31, 2023

Phase 3.

January 1, 2024

Phase 4.

December 31, 2025

CEBA loan at a glance

Loan amount

Loan terms prior to December 31, 2023

Interest rate


Principal payments

Not required


Loan terms after January 1, 2024


Interest rate



Repayments prior to December 31, 2023

Repayments after January 1, 2024