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SAVE UP TO $20,000

Get Approved For $40K
Canada Emergency Business Account (CEBA) Loan Refinancing

Small businesses
funding minimum
requirements

This program offers small businesses funding options with minimum eligibility requirements

Yearly Sales

Years in Business

Credit Score

$500,000 or more

2 years or more

600 or more

Small businesses
funding minimum
requirements

This program offers small businesses funding options with minimum eligibility requirements

Yearly Sales

$500,000 or more

Years in Business

2 years or more

Credit Score

600 or more

<span style="color:grey">Step 1</span><br><br>
Complete Online Application

Step 1

Complete Online Application

Self-serve online application made simple. Approval in as little as 24 hours.

<span style="color:grey">Step 2</span><br><br>
Review Offers 

Step 2

Review Offers 

We will email you offers designed to pay off your CEBA loan.

<span style="color:grey">Step 3</span><br><br>
Get Funds

Step 3

Get Funds

The Funds will be deposited in your CEBA account in as little as a day.

FAQ

What is the advantage of paying off my CEBA loan before January 18, 2024?

By paying off before December 31st, you will benefit from $20,000 loan forgiveness and allow yourself to pay off the $40,000 over a longer period of time instead of a lump sum payment.

What is the maximum amount I can save?

After the maturity of the term the total amount you will have repaid is $66,000. Depending on which option you choose, you can save up to $21,000.

How do I apply?

Apply right HERE. It takes a couple of minutes to start the application.

What are the extension terms when the loan is converted?

If you have not repaid the loan by January 18, 2024, the remaining balance will be converted to a 2-year term loan with an annual interest rate of 5% per annum, effective January 18, 2024.

What is the repayment structure for the CEBA loan repayment program you offer?

We offer daily or weekly repayment options with a term that can go up to 12 months. By paying off the CEBA loan early, you are benefiting from a $20,000 forgiveness and avoiding making a lump sum payment.

What is our fee? 

Our fee will vary between $8,000 to $12,000 Your savings will be between $8,000 to $12,000, and you will avoid making a lump sum payment.

Why don’t I ask the bank for a loan?

The loan issuer of the CEBA is the Government of Canada. Banks were mandated to strictly act as service agents for the CEBA loans.