Your CEBA loan is due December 31, 2026. Compare lenders that can pay it off before it is sent to collections.
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Answer a short survey about your business and your CEBA balance. We match you with lenders that fit your revenue, time in business and credit. Comparing is free.
Compare rates, terms and funding speed side by side. Forgiveness ended in 2024, so the full balance plus 5% interest is now due December 31, 2026.
Apply with one or more lenders to pay off your CEBA balance. Some online lenders can fund in as little as 24 hours once you are approved.
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How can I refinance my CEBA loan?
Take out a new business loan or line of credit, use it to pay your CEBA balance in full, then repay the new lender over a longer term. Compare lenders that refinance CEBA loans to find the rate, term and funding speed that suit your business.
What is the CEBA loan?
The Canada Emergency Business Account (CEBA) was a Government of Canada program that provided interest-free loans of up to $60,000 to small businesses and not-for-profits during the COVID-19 pandemic. Loans not repaid by January 18, 2024 became term loans that now charge 5% interest, with the full balance due December 31, 2026.
How can I repay my CEBA loan?
If your loan is still with your bank or credit union, repay it through that financial institution. It can confirm your balance and payment options. If your loan has been assigned to the CEBA Program for collection, pay the CEBA Program directly by bill pay, cheque or wire transfer.
If you can't pay the balance from cash on hand, refinancing lets you pay it off now and spread the cost over time.
What happens if I can't repay my CEBA loan by December 31, 2026?
Your financial institution will contact you to request a lump-sum repayment. If the loan still isn't repaid, your financial institution will likely be required to assign it to the government's CEBA Program for collection. The Canada Revenue Agency (CRA) assists with collecting assigned loans and may set up a payment arrangement based on your ability to pay.
Refinancing before the deadline lets you repay on terms you choose instead of through government collections.
Who do I contact if I have questions about my CEBA loan?
If your loan is still with your financial institution, contact it directly for your balance and payment details. If your loan has been assigned to the CEBA Program, contact the CRA CEBA Contact Centre at 1-800-361-2808 or visit ceba-cuec.ca.
Could a business get more than one CEBA loan?
No. Each business could receive only one CEBA loan for each business number (BN).
Is the CEBA loan taxable?
The loan itself is not taxable income. Any portion that was forgiven is taxable income.
What is the interest rate on a CEBA loan in 2026?
CEBA loans were interest-free until January 18, 2024. Since January 19, 2024, outstanding balances charge 5% interest per year until the loan is repaid.
How much of my CEBA loan do I have to repay?
The full outstanding balance, plus interest. Forgiveness of up to $20,000 on a $60,000 loan, or $10,000 on a $40,000 loan, was only available to businesses that repaid the rest by January 18, 2024, or had refinancing in place by then and repaid by March 28, 2024.
Can I still get CEBA loan forgiveness?
No. The forgiveness deadlines have passed. The CEBA Program states that eligibility decisions and repayment deadlines are final, and no organization, including your financial institution, can grant exceptions.
When is the CEBA loan due?
December 31, 2026. Outstanding CEBA loans are non-amortizing term loans, so the full principal is due on that date.
If I close my business, do I still have to repay my CEBA loan?
Yes. You must repay your CEBA loan even if you close your business. Contact your financial institution, or the CRA if your loan has been assigned to the CEBA Program, to discuss repayment. For complex situations such as bankruptcy, speak to an accountant or a Licensed Insolvency Trustee.
Guides and refinancing options for CEBA loans held at Canada's banks and credit unions, plus online lenders that refinance CEBA balances. ceba.ca is independent and is not affiliated with these institutions.
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