19/05/2020 · The CEBA offers interest-free loans of up to $40,000 to small businesses and not-for-profits. The program will now be available to businesses with sole proprietors, those that rely on contractors, and family-owned businesses that pay employees through dividends rather than ;· Launched on April 9, 2020, CEBA provided a $40,000, zero-interest, partially forgivable loan to small businesses that experienced diminished revenues due to COVID-19 and faced ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and employment Economic Injury Disaster Loan (EIDL) helps small businesses and nonprofits that are losing money during the coronavirus pandemic and that need funds for financial obligations and operating expenses. SBA is accepting applications for EIDLs until December 31, 2021. Apply online for a COVID-19 Economic Injury Disaster Loan. SBA Debt ReliefCEBA is a $60,000 loan funded by the Government of Canada (interest free until December 31, 2022 and 5% interest per annum from January 1, 2023 until December 31, 2025). Up to $20,000 may be eligible for loan forgiveness. The application window for a new $60,000 CEBA loan as well as $20,000 expansion requests closed June 30, ;· Canada Emergency Business Account for small businesses: (March 27, 2020) Businesses will be able to access interest free loan of $40,000 through their financial institutions and 25% of the loan (up to $10,000) will be eligible for forgiveness. The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of …COVID-19 Small Business Cashflow Scheme (SBCS) COVID-19. The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications are open until 31 December 2023. We will administer the payments and repayments of this ;· The Coronavirus Business Interruption Loan Scheme scheme will close to applications after 30 November 2020. 1 May 2020 Further education establishments are now eligible for the ;· COVID-19 Additional Business Support Grant. Funding of $3000 for employing businesses and $1000 for non-employing businesses in industry sectors that are significantly impacted by the COVID-19 density rules and other trading restrictions applicable from 28 July 2021.

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