Canada Emergency Business Account (CEBA)

Kindred Credit Union is now accepting applications for Canada Emergency Business Account (CEBA) expansion loans.

Kindred Credit Union is now accepting applications for Canada Emergency Business Account (CEBA) expansion loans.

The Government of Canada’s CEBA expansion loans offer additional support to Canadian businesses as the COVID-19 pandemic continues.

Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in interest-free financing. The forgivable portion of the loan is being increased to up to $20,000 of the total CEBA amount. Members may apply for CEBA expansion loans until June 30, 2021.

Eligible businesses that have been affected by COVID-19 may apply for this loan to help them cover non-deferrable operating costs.

CEBA will also expand the initial offering for new applicants to $60,000 (previously $40,000).

We’ve made some practical arrangements to facilitate your payments to the Canadian government through your Kindred accounts. Answers to your repayment questions are found in our CEBA Loan Repayment FAQ.

If you’re in need of additional support for your business, please contact your local branch and speak with your Account Manager to discuss the most appropriate solution.  You can also visit The Government of Canada CEBA website for more information.

 
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