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 December 31, 2023, to qualify for the loan forgiveness, Bank of Nova Scotia (Scotiabank) will consider extending a business loan to customers that meet their credit criteria.
If you do not qualify for financing and still would like to take advantage of the loan forgiveness of up to $20,000, click here to understand your options.
Any balance owing on this account can be repaid at any time. To qualify for the loan forgiveness, you will need to repay the required amount from your operating account to your ScotiaLine for Business VISA prior to December 31, 2023 deadline. You will not be charged any interest charges or service fees if you pay your CEBA loan in full prior to December 31, 2023.