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Canada Emergency Business Account

To help small businesses during this challenging time of dealing with the COVID-19 pandemic, the Government of Canada launched the new Canada Emergency Business Account, which will be implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).

This is a $25 billion program that will provide loans of up to $40,000 to small businesses and not-for-profits, with payrolls of less than $1 million, at 0% interest rate to cover operational costs.

Detailed Information: https://bit.ly/39OEmqu