Understanding and Maximizing CEBA Loan Forgiveness

advfunds
January 5th 2024

The Canada Emergency Business Account (CEBA) has been a lifeline for many, offering interest-free loans up to $60,000. With nearly $50 billion distributed, it’s crucial to understand the terms for loan forgiveness before the fast-approaching deadline on January 18, 2024.

Here Are The Details:

Forgiveness Tiers:

Loans of $40,000: 25% forgiveness ($10,000).
Loans between $40,000 and $60,000: Total $20,000 forgiveness.

Qualifying for Forgiveness:

Meet initial criteria, maintain good standing, and repay by the deadline.

CEBA Loan Forgiveness Deadline:

January 18, 2024. Act now to forgive up to $20,000!

Need a quick solution for any shortfall?

AFN can help you secure the necessary funds within 48 hours! Don’t miss out on this opportunity for loan forgiveness.

Let AFN guide you through a swift and hassle-free process to maximize your benefits.

Time is ticking! Contact us TODAY to get started.

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Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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