Updated October 16, 2026
Bars, pubs and lounges were closed or limited for long stretches during the pandemic, and many still carry CEBA debt. The full balance is due December 31, 2026, right in the middle of the holiday season.
Where your CEBA loan stands in 2026
- The full balance is due December 31, 2026. There is no further extension.
- Interest has been charged at 5% a year since January 19, 2024. Forgiveness ended in 2024 and those deadlines are final.
- Unpaid loans are likely to be assigned to the CEBA Program for collection, with the Canada Revenue Agency (CRA) assisting. Closing the business does not cancel the debt.
What lenders look at in your industry
- Card sales. Most revenue comes through card terminals, which makes it easy to verify.
- Seasonality and events. Patios, sports seasons and holidays drive big swings. Show statements that include slow months.
- Liquor licence and lease. A current licence in good standing and a long lease are important.
- Tax and supplier arrears. Unpaid HST, payroll remittances or supplier balances are red flags.
Refinancing options that tend to fit
Licensed venues often refinance with a revenue-based advance repaid from daily card sales or a 12 to 24 month term loan. Some banks are cautious about bars, so online lenders may be faster. Compare the total cost, not just the payment, and make sure HST and payroll remittances are current before you apply.
Typical lender minimums
Most online lenders that refinance CEBA balances look for at least 6 months in business and roughly $10,000 a month in revenue. Some also want a credit score of 550 to 600 or higher, and some lend only to incorporated businesses. Banks and credit unions usually want a longer track record and stronger credit, but can offer lower rates. Compare lenders that refinance CEBA loans to see which ones fit your numbers.
What to have ready
- Your current CEBA balance and the bank or credit union that holds it
- 3 to 6 months of business bank statements
- Your business number, incorporation documents (if incorporated) and time in business
- POS or payment processor statements
- Your liquor licence
Next step
Applying in October or November leaves time for approval and funding before December 31. Compare CEBA refinancing options, use the repayment calculator to size the payment, or read what happens if your loan goes to CRA collections.
ceba.ca is an independent website and is not affiliated with the Government of Canada. Official program information is at ceba-cuec.ca. If your loan has already been assigned to the CEBA Program, the CRA CEBA Contact Centre is at 1-800-361-2808.