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Refinance your CEBA loan
The Canada Emergency Business Account (CEBA) program offered interest-free loans of up to $60,000 to help small businesses and not-for-profits through the COVID-19 pandemic.
The Government of Canada has set a repayment deadline of January 18, 2024. You will benefit from loan forgiveness of up to $20,000 if you pay off your loan before the deadline.
Cornerstone can help!
You could be eligible for a new CCU loan of up to $40,000 that you can use to repay your outstanding CEBA balance and obtain the loan forgiveness.
- Get a rate as low as Prime + 0.50%*
- Take up to 5 years to repay your CCU loan
- Loan amount would be no greater than your outstanding CEBA balance at the time of funding, less the applicable forgiveness portion
*Some conditions apply. Contact your Farm & Business Advisor or email cebaloaninquiry@cornerstonecu.com for more information.