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Le Compte d'urgence pour les entreprises canadiennes (CUEC) est une initiative du gouvernement du Canada. Le site officiel du gouvernement est

Prêt CUEC pour le secteur manufacturier

CEBA Loan for Manufacturing

Businesses like manufacturing faced financial challenges in the past. The biggest problem was, of course, COVID-19 and the impact it had on businesses. Many manufacturing saw a decrease in clients and revenue during this time of crisis. But that’s to the Canadian Government and the CEBA program. Manufacturing businesses were able to receive financial assistance during these tough times.

In this blog post, we will discuss the CEBA loan for manufacturing. Also, we will talk about the revised terms and conditions that manufacturing businesses need to know.

Prêt CUEC pour le secteur manufacturier

Canada Emergency Business Account, or CEBA, is a crucial federal programme de prêt. It’s designed to provide financial aid to small businesses like manufacturing during the COVID-19 pandemic. This program took flight on April 9, 2020. CEBA has become an important support tool for countless manufacturing that have been significantly impacted by the Crise du COVID-19. The CEBA loan for manufacturing acts as a vital lifeline, helping these businesses steer through this difficult time. Therefore, it becomes crucial for manufacturing to understand the opportunities this loan program offers.

How CEBA Loan for Manufacturing Helps

The Canadian Emergency Business Account (CEBA) has been an oasis in the desert for many entities within the manufacturing industry, providing a means of survival. This initiative has infused an impressive $49 billion in loans into the economy. It helped the financial framework of around 900,000 businesses, many of which belong to the manufacturing sector.

The CEBA loan for manufacturing has been particularly beneficial in managing non-deferrable expenses, the stubborn costs that persist regardless of the business environment. Consider the ever-present bills for rent, utilities, and insurance, the ongoing financial obligations to employees, and the inevitable taxes. The CEBA program proffered a zero-interest loan of $40,000. However, given the urgent need, this limit was subsequently increased to $60,000.

A portion of this loan could be completely absolved, given that manufacturing meets certain conditions. This feature provides significant financial relief, especially for businesses in the manufacturing industry. Therefore, the CEBA loan for manufacturing has indeed been a glimmer of hope during these challenging times.

Recent Changes in CEBA Loan for Manufacturing

In a significant development on September 14, 2023, the Prime Minister announced revised deadlines for the repayment of CEBA loans, including those obtained by manufacturing firms. This revision provided loan recipients with an additional year for repayment, simultaneously expanding the opportunities for firms to qualify for partial loan forgiveness of up to 33%.

Concretely, under the terms of the CEBA Partial Loan Forgiveness Deadline, manufacturing firms now have until January 18, 2024, to qualify for partial loan forgiveness. This marks an extension from the original deadline of December 31, 2023. For firms in the manufacturing industry seeking to refinance their loans, applications must be submitted to their respective financial institutions by January 18, 2024. Upon success in refinancing, these firms secure an extension until March 28, 2024, to qualify for loan forgiveness.

For the final repayment of all outstanding CEBA loans, including those held by manufacturing businesses, the new cutoff date is December 31, 2026. This extended deadline applies universally to all manufacturing firms, with no exceptions. This means that manufacturing firms now have an additional year from the previous repayment deadline of December 31, 2025, to complete repayment without facing any penalties.

The term loans held by manufacturing firms will attract an annual interest rate of 5 percent, applicable to the remaining loan balance. However, the specific frequency of these interest payments may vary across different manufacturing firms, reflecting their respective financial institutions’ individual policies and procedures regarding interest payments.

Despite the considerable challenges brought about by the global pandemic, the manufacturing sector has shown remarkable resilience, made possible in part by the financial support extended by the CEBA loans.

Methods to Repay CEBA Loans for Manufacturing

Manufacturing firms have the following repayment options available to them under the CEBA loan program:

  • Services bancaires en ligne
  • Application mobile
  • Paiements mensuels automatiques
  • Opérations aux guichets automatiques

What if Manufacturing Doesn’t Pay Back CEBA?

If manufacturing firms fail to repay their CEBA loans by the final cut-off, December 31, 2026, they risk falling into loan default. This would trigger collections initiated by the Agence du revenu du Canada (ARC). The severity and persistence of CRA’s collection efforts can vary, often influenced by individual situations. 

Manufacturing firms that have been diligent with their monthly interest payments but have had difficulties repaying the main loan amount may be able to negotiate a more lenient repayment plan with their lenders. However, it is recommended that these firms find an alternate lender before the ultimate deadline of December 31, 2026. 

This proactive measure can protect manufacturing firms from loan default, potential impacts on their credit ratings, and ensuing collection complications. Therefore, while the CEBA loan has been a vital support mechanism during these trying times, it is crucial for firms to plan and act wisely to avoid potential financial hurdles.


So, CEBA loan for manufacturing has been a boon for businesses in the industry, providing much-needed financial relief. The recent changes in repayment deadlines have extended the support period and increased opportunities for partial remise de prêt. However, it is essential for manufacturing firms to carefully plan and execute their repayment strategies to avoid potential consequences of non-payment.

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