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The Canada Emergency Business Account (CEBA) is an initiative of the Government of Canada.  The official Government website is

CEBA Loan in Belleville

CEBA loan in belleville

The CEBA program which stands for Canada Emergency Business Account, has played a vital role in supporting small businesses and not-for-profit organizations in Belleville during the challenging times brought about by the COVID-19 pandemic. It provides interest-free loans of up to $60,000.

CEBA loan in Belleville, as in many major Canadian cities, the impact of this financial assistance on local businesses has been substantial.

Key Features of CEBA in Belleville

Here are some key features of the CEBA loan program in Belleville:

  • Expanded Eligibility: On October 26, 2020, the eligibility criteria for CEBA were broadened. The previous requirement of having an active business chequing/operating account as of March 1, 2020, was removed. This change allowed eligible businesses to apply even if they opened a business chequing/operating account with their primary financial institution after the specified date.
  • CEBA Expansion: Effective December 4, 2020, approved CEBA borrowers became eligible for a $60,000 loan. Businesses that had previously received a $40,000 CEBA Loan were also able to apply for the CEBA expansion, which provided an additional $20,000 in financing.

These features have made the CEBA program an invaluable resource for businesses and organizations in Belleville, helping them navigate the economic challenges posed by the pandemic.

  • Loan Forgiveness: Businesses eligible for CEBA, in good standing, can benefit from loan forgiveness of up to 33 percent, which amounts to a maximum of $20,000. This forgiveness is granted when the remaining loan balance is repaid on or before December 31, 2023.

Loan Forgiveness and Expanded Eligibility in Belleville Explained

CEBA offers an attractive incentive to eligible borrowers in good standing. By repaying the loan balance before December 31, 2023, borrowers can unlock loan forgiveness of up to 33 percent, equating to a forgivable amount of as much as $20,000. This provision has provided a strong motivation for businesses to meet their repayment obligations promptly, delivering crucial financial relief during the ongoing economic recovery.

Further, the CEBA program has widened its eligibility criteria by eliminating the previous requirement that businesses maintain an active business chequing/operating account as of March 1, 2020. This modification has made the program more inclusive and accessible. Now, businesses can apply for CEBA even if they open a business account with their primary financial institution after the specified date. This change has facilitated greater participation in the program, assisting businesses in need.

Also, starting from December 4, 2020, approved CEBA borrowers gained access to enhanced funding opportunities. Particularly noteworthy was the introduction of the CEBA expansion, which offered an additional funding avenue. Businesses that had previously received the initial $40,000 CEBA Loan were eligible to apply for this expansion, enabling them to secure an extra $20,000 in financing.

The primary objective behind this extension was to provide supplementary support to businesses grappling with ongoing financial difficulties. This additional funding aimed to bolster their resilience during the prolonged economic challenges posed by the pandemic.

CEBA Loan in Belleville: Eligibility and Exclusions 

The CEBA program played a pivotal role in providing crucial financial support to numerous businesses throughout Montreal during the challenging times of the pandemic. However, it’s important to note that not all entities were eligible for participation, as specific criteria were established by the Government of Canada.

1. Entities Owned by Federal Members of Parliament or Senators

CEBA excluded entities directly owned by Federal Members of Parliament or Senators from the loan application process. This measure was implemented to prevent potential conflicts of interest and maintain transparency in the program’s execution.

2. Entities Promoting Violence or Discrimination 

CEBA Loans were not available to entities that promote violence, incite hatred, or engage in discrimination based on various protected characteristics. These characteristics included sex, gender identity or expression, sexual orientation, race, religion, age, ethnicity, national origin, or mental or physical disability. This provision was aligned with applicable laws promoting inclusivity and equality. These eligibility and exclusion criteria were put in place to ensure that the CEBA program effectively reached and supported the intended businesses while upholding principles of fairness and equity.

3. Non-Profit Organizations and Registered Charities

In general, non-profit organizations, registered charities, unions, fraternal benefit societies or orders, and entities wholly owned by these organizations were not eligible to apply for CEBA Loans.

4. Excluded Government Organizations

CEBA was specifically designed to assist private businesses and was not intended for government organizations or governmental bodies.

Ensuring Equitable Aid Distribution

The exclusions from the CEBA program were strategically implemented to guarantee that the financial support extended through the program was directed to businesses that met ethical and legal standards. These eligibility criteria were crafted with the goal of assisting businesses that not only contributed to the Canadian economy but also demonstrated a commitment to diversity and inclusion.

This careful selection of eligible recipients served a dual purpose. Firstly, it ensured that funds were allocated to legitimate and deserving businesses, promoting transparency and public trust in the relief measures implemented during the pandemic.

Application Period and Program Outcome

The application window for the CEBA Program officially closed on June 30, 2021, marking the conclusion of the funding period. Consequently, no new applications can be accepted, and the CEBA Program will not provide any further funding.

Throughout the program’s availability, businesses in Belleville actively participated, utilizing the services of over 220 financial institutions nationwide.

The CEBA Program’s final statistics underscore its significant impact, with 898,271 businesses approved for CEBA Loans and an additional 571,851 businesses approved for CEBA expansions. In total, these approvals amounted to a substantial $49.2 billion in funds, combining CEBA Loans and expansions, which have collectively contributed to bolstering businesses and aiding economic recovery.

CEBA’s Significance in Belleville

The CEBA program emerged as a linchpin in sustaining Belleville’s local businesses during the unparalleled challenges brought about by the pandemic. Through its provision of interest-free loans, CEBA empowered businesses to cover crucial operational expenses, retain their workforce, and navigate the intricate economic uncertainties of the time.

The outcome was evident: numerous businesses in Belleville managed not only to weather the storm but also to persist on their path toward financial stability and expansion.

Though the CEBA application period may have drawn to a close, its profound impact continues to resonate throughout Belleville’s business landscape. As Belleville earnestly endeavors to recover and reconstruct, the tenacity displayed by its small businesses and not-for-profit organizations stands as a powerful testament to the CEBA program’s role in fortifying the economy and providing crucial support to communities during times of crisis.


The CEBA program has served as a lifeline for small businesses in Belleville, offering vital financial assistance during the turbulent times of the pandemic. With the funding period now behind us, businesses that benefited from the loans and expansions must shift their focus toward diligent repayment to secure loan forgiveness. The program’s resounding success underscores the pivotal role of government support in fostering economic resilience and facilitating recovery for local businesses. This, in turn, contributes to the continued vibrancy and prosperity of Belleville’s business landscape.

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