Bruno Savings & Credit Union

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December 14, 2020 by Susan

Canada Emergency Business Account (CEBA) – Latest Update

The Government of Canada recently announced that the repayment deadline for Canada Emergency Business Account (CEBA) loans in good standing to qualify for partial loan forgiveness and the interest free period end date will both be extended by one year to Dec 31, 2023.

Important reminders regarding the terms of your CEBA Loan:

  • Loan forgiveness will apply if the CEBA balance minus the eligible forgiveness amount is repaid by December 31, 2023;
  • No interest applies before January 1, 2024;
  • Commencing on January 1, 2024, interest will accrue on the balance of the loan at the rate of 5% per annum, payable monthly on the last day of each month;
  • The full amount of the loan (including principal and interest) is due and payable on December 31, 2025

For further information or support with your CEBA loan, please contact our office at 306-369-2901.

 

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Main Branch

P.O. Box 158 - 511 Main Street
Bruno, Saskatchewan, S0K 0S0
Tel: (306) 369-2901
Fax: (306) 369-2225

Office Hours:
Mon to Fri: 9:00 am – 4:00 pm
Closed from 12:00 - 1:00 pm
Closed for all Statutory Holidays

Prud’Homme Branch

P.O. Box 46 - 42 Government Road
Prud’homme, Saskatchewan, S0K 3K0
Tel: (306) 654-2033
Fax: (306) 654-4640

Office Hours:
Mon: 1:00 pm – 4:30pm
Tues and Thurs: 9:00 am – 12:00 pm
Fri: 9:00 am – 1:00 pm
Closed for all Statutory Holidays

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