Save up to $20,000
Deadline is January 18, 2024
Refinance Your CEBA Loan And Get Approved For $40K
Step 1
Complete Online Application
Self-serve online application made simple. Approval in as little as 24 hours.
Step 2
Review Offers
We will email you offers designed to pay off your CEBA loan.
Step 3
Get Funds
The Funds will be deposited in your CEBA account in as little as a day.
We are committed to supporting Canadian businesses through these challenging times. That's why we're proud to offer the CEBA loan repayment program to help business owners like you take advantage of the Government of Canada's $20,000 loan forgiveness program. To qualify, your business should have at least $500,000 in sales in the last year, be established for two years or more, and have a credit score of 600 or more. Apply now and let us help you achieve financial relief and stability for your business.
FAQ
What is the advantage of paying off my CEBA loan before January 18, 2024?
By paying off before January 18, 2024, 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.
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