Skip to main content


    Loan opportunity: CEBA Loan Refinance Program (CLRP)

    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.

    If your business was a recipient of the CEBA program, the Government of Canada has set a repayment deadline of January 18, 2024. If you pay off your CEBA loan before the deadline you could benefit from partial loan forgiveness of up to $20,000.

    Kawartha Credit Union is pleased to introduce the CEBA Loan Refinance Program (CLRP). This is a loan opportunity of up to **$40,000 to repay your outstanding CEBA balance and save thousands of dollars for your business.

    We understand that managing your financial obligations can be challenging. The upcoming deadline is a crucial moment, and our new CLRP loan product is designed to offer valuable cash flow that can help you repay your CEBA loan while ensuring you benefit from the forgiveness portion.

    Key benefits of the CLRP:

    • Loan Amount of up to $40,000: Access funds to repay your outstanding CEBA balance*

    • Competitive Interest Rates: Enjoy a rate as low as Prime + 1.00%**

    • Flexible Repayment Terms: Take up to 4 years to repay your CLRP loan

    The deadline to apply for CLRP is November 30, 2023.

    To explore this opportunity further and begin your CLRP application, please complete a CEBA Loan Refinance Application and Personal Net Worth Statement.

    If you have any questions or require assistance with your application, please do not hesitate to reach out to our dedicated team at We are here to guide you through the process.

    *Loan amount limited to outstanding CEBA balance at the time of funding, less the applicable forgiveness portion.
    **Some conditions apply.

    Contact Us: 1-855-670-0510
    Copyright © 2023. All rights reserved.