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

Royal Bank of Canada RBC

Royal Bank of Canada RBC
CEBA Refinancing Good Meter

The Refinace Meter shows how likely you are to receive a loan from this financial institution.  It assumes that you don’t have the money to repay the loan and have an average credit score.

If you don't have the funds to repay the CEBA loan by January 18,2024, to qualify for the loan forgiveness, Royal Bank of Canada RBC will consider extending a business loan to customers that meet their credit criteria.

How to Repay

To repay the loan log in to RBC Online Banking for Business or RBC Express. You can also make payments to your CEBA loan through RBC Express, an RBC ATM, telephone banking or branch. You can transfer funds to your CEBA loan account to make payments.

Once the balance of your CEBA loan equals your eligible loan forgiveness amount, we will automatically apply your loan forgiveness payment and close your loan.

Follow these instructions for Online Banking:

  1. Log in to RBC Online Banking for Business or RBC Express
  2. Your CEBA loan is listed as a Visa CreditLine account under Credit Cards on your ‘My Accounts’ page
  3. To access the funds, click on the Visa account number
  4. The credit limit of the CEBA account will be $60,000 for new and CEBA Expansion enrolments. If you applied before December 4, 2020 and did not enrol into the CEBA Expansion, the limit will appear as $40,000
  5. As transfers from your CEBA funds into your RBC Business Deposit Account are made, the balance will adjust. Please note that there are no cash advance fees to transfer your CEBA funds.

For more information, please contact your relationship manager or call RBC at 1-844-220-2515.


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