Can I Still Apply for CEBA in 2023? An Expert Guide

The Canada Emergency Business Account (CEBA) has been a lifeline for countless Canadian businesses during the challenging times of the COVID-19 pandemic. It offered financial support to help businesses navigate the economic hardships brought about by the crisis. As 2023 dawns, many business owners may wonder whether they can still apply for CEBA. In this expert guide, we’ll explore the current status of CEBA, including eligibility criteria, application deadlines, and the best steps for businesses looking to access this crucial financial support.

Understanding CEBA and Its Purpose

The Canadian government introduced CEBA to provide financial support to small businesses and not-for-profits adversely affected by the pandemic. The program aimed to help these organizations cover essential operating expenses during these challenging times. The loan, with an initial interest-free period, provided much-needed relief to businesses grappling with economic uncertainty.

Can I Still Apply for CEBA in 2023?

As 2023 begins, the ability to apply for CEBA remains available for eligible businesses. However, there are essential points to consider:

1. Eligibility Criteria

While the CEBA program was originally introduced to support businesses facing the economic challenges of the pandemic, eligibility criteria have evolved. As of 2023, key eligibility requirements include:

Operational Business: 

To apply for CEBA, your business must be operational and have an active business account.

Adverse Financial Impact: 

Your business must demonstrate an adverse financial impact resulting from the pandemic. This may include a decline in revenue or additional financial challenges.

Payroll Requirements: 

CEBA eligibility may require your business to meet specific payroll requirements. You may need to demonstrate that you have paid eligible non-deferrable expenses, such as rent, utilities, and insurance.

Loan Repayment History: 

If you’ve already accessed CEBA loans in previous periods, you must meet the repayment obligations associated with those loans.

2. Application Deadlines

Application deadlines for CEBA have been extended multiple times throughout the pandemic to provide ongoing support to businesses. In 2023, the specific deadlines for CEBA may vary depending on the loan type:

CEBA Regular: 

The application deadline for the CEBA Regular program may extend into 2023, but it’s essential to check the official website or communicate with your financial institution for the latest information.

CEBA Onward: 

The CEBA Onward program is designed to offer additional financial support for businesses experiencing ongoing challenges. Its application deadline may also extend into 2023, so staying up-to-date on the latest information is critical.

3. Application Process

To apply for CEBA, businesses typically need to work with their financial institution or an eligible lender. The process involves providing the necessary documentation to demonstrate eligibility, such as revenue declines and eligible non-deferrable expenses. Be prepared to provide financial records, tax information, and payroll details as part of your application.

Best Steps for Applying for CEBA in 2023

If your business is considering applying for CEBA in 2023, here are the best steps to follow:

1. Verify Eligibility: 

Review the eligibility criteria to ensure your business meets the requirements. This includes confirming that you’ve experienced an adverse financial impact due to the pandemic.

2. Communicate with Your Financial Institution: 

Reach out to your financial institution or an eligible lender to initiate the application process. These institutions have the most up-to-date information and can guide you through the application requirements.

3. Gather Required Documents: 

Be prepared to provide all necessary documentation to support your application. This may include financial records, payroll information, tax documentation, and more.

4. Stay Informed: 

The CEBA program has evolved, with changes to eligibility criteria, loan amounts, and deadlines. Staying informed about the latest updates is crucial for a successful application.

5. Explore CEBA Onward: 

If your business continues to face significant challenges in 2023, consider exploring the CEBA Onward program, which offers additional financial support. Determine whether your business qualifies for this extended assistance.

6. Plan for Loan Repayment: 

While CEBA offers essential financial support, it’s also important to plan for loan repayment when the interest-free period ends. Create a repayment strategy that aligns with your business’s financial capabilities.


The CEBA program has been a lifeline for many Canadian businesses during the pandemic, and it remains accessible in 2023. While the eligibility criteria and application deadlines have evolved, businesses that meet the requirements can still access crucial financial support. Understanding the process and staying informed about the latest updates are key to a successful CEBA application.

As Canadian businesses navigate the challenges of the post-pandemic era, CEBA provides a valuable resource for financial stability and growth. Whether your business is exploring CEBA for the first time or seeking extended support through CEBA Onward, being proactive in applying for this assistance can make a significant difference in your business’s recovery and resilience.