Canada Emergency Business Account (CEBA)

CEBA 5.0

Important Information for Loan Holders on Repayment

If you are unable to repay your CEBA Loan when due, your financial institution will contact you to request a lump sum repayment of the outstanding debt. If, at that point, you do not fully repay your CEBA Loan to your financial institution, your financial institution will likely be required to assign your loan to the government’s CEBA Program for collection efforts.

Please be advised, if your CEBA Loan is assigned to the CEBA Program for collection, the Canada Revenue Agency (CRA) may review your circumstances on a case-by-case basis and work with you to establish a payment arrangement/repayment plan tailored to your ability to repay.

Questions? 
Please reach out to our Lending Department by email at raylending@raymorecu.com or call 1.866.612.2300
For more information on CEBA please visit the Canada Emergency Business Account website