Updated October 16, 2026
Grocery and convenience stores stayed open through the pandemic, but many still took CEBA loans to handle higher costs and thin margins. If yours still has a balance, it is due December 31, 2026.
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
- High sales, thin margins. Grocery revenue is high and steady, which helps you qualify, but lenders check that a new payment fits your margin.
- Card and debit volume. Daily card sales are easy to verify and make revenue-based options available.
- Inventory and supplier terms. Steady supplier credit and well-managed inventory show good cash control.
- Lottery, tobacco and other pass-through sales. Lenders may discount sales where you keep only a small commission.
Refinancing options that tend to fit
Because sales are steady, grocers often qualify for a 12 to 24 month term loan or a revenue-based advance repaid from daily card sales. A bank term loan or line of credit is usually cheaper if you have 2+ years at the location and good credit. Plan the payment around your supplier payment cycle so the new loan doesn’t squeeze inventory purchases.
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 reports
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.