Eligibility for CEBA expands today
At a craft brewery in Ontario, Prime Minister Justin Trudeau reminded Canadians about the government’s recent expansion to the Canada Emergency Business Account, specifically mentioning farmers as one group included in the expansion
“As of today, this expanded CEBA will be available through the major banks,” said Trudeau, adding the government is working with other lenders such as credit unions.
The CEBA is to help small businesses get a loan to bridge to better times, Trudeau said.
It provides interest-free, partially forgivable loans of up to $40,000 and is intended to help small businesses survive the COVID-19 pandemic.