| This is an addition to the original CEBA program. The original program provided zero-interest loans of $40,000 with $10,000 forgiven if $30,000 was paid back in full by Dec 31, 2022 (yes – $10,000 of free money). This has now been extended to allow for an extra $20,000 zero-interest loan (bringing the total loan amount to $60,000) with additional forgiveness of $10,000 (yes $10,000 of more free money). Eligibility requirements have also been expanded since the original program offering, so it is not reliant on simply having employees in 2019. Full eligibility info can be found at this link. You can apply for this program through your financial institution. |
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