The Canada Emergency Business Account (CEBA) has been augmented as of December 4, 2020. For existing CEBA recipients, a $20,000 expansion is available (Department of Finance Canada, 2020). If the expansion application is approved, the $20,000 will be added to your original CEBA loan and the funds will be deposited into the account you provided.
For eligible businesses that have not yet applied, a $60,000 loan is now available. This enhancement is available to eligible businesses facing financial hardship as a result of the COVID-19 pandemic.