{"id":11168,"date":"2021-10-07T19:00:56","date_gmt":"2021-10-07T23:00:56","guid":{"rendered":"http:\/\/www.irasmithinc.com\/blog\/?p=11168"},"modified":"2021-10-07T12:20:00","modified_gmt":"2021-10-07T16:20:00","slug":"ceba-loan-update","status":"publish","type":"post","link":"https:\/\/irasmithinc.com\/blog\/ceba-loan-update\/","title":{"rendered":"CEBA LOAN UPDATE: 3 INTRIGUING CREATIVE WAYS FOR ENTREPRENEURS TO CONQUER CEBA LOAN DEFAULT"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/h5kyWW3o-pw\" width=\"860\" height=\"484\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><strong><em>ceba loan update\u00a0<\/em><\/strong><\/p>\n<p style=\"text-align: center;\">We hope that you and your family are safe, healthy and secure during this\u00a0<em>COVID-19 pandemic<\/em>. Ira Smith Trustee &amp; Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting.<\/p>\n<h2 id='ceba-loan-update-introduction'  id=\"boomdevs_1\"><strong><em>CEBA loan update <\/em>introduction<\/strong><\/h2>\n<p><em>Canada Emergency Business Account<\/em> (CEBA) loan <em>application deadline<\/em> was on June 30, 2021.\u00a0 As of right now, COVID-19 support for businesses and individuals soon will be ended by the <em>federal government<\/em>.\u00a0 The<em> assistance from government programs<\/em> has been both necessary and very helpful.\u00a0 CEBA was merely one product from an <em>array of government support<\/em> for Canadians and Canadian businesses.<\/p>\n<p>Many entrepreneurial businesses have lost confidence in their financial prospects due to uncertainty over the fate of ongoing federal pandemic support, according to the Canadian Federation of Independent Business (CFIB). It is pushing the Liberals for more life support to avoid a flood of insolvencies.<\/p>\n<p>This Brandon Blog provides a <strong><a href=\"http:\/\/www.irasmithinc.com\/blog\/ceba-update\/\"><em>CEBA loan update<\/em><\/a><\/strong> and answers a question that many entrepreneurs have asked us: What counts as a <em>CEBA loan default<\/em>? The blog also tells you about three intriguing creative ways for entrepreneurs to conquer <em>CEBA loan default<\/em>.<\/p>\n<h2 id='ceba-loan-update-original-ceba-eligibility-requirements'  id=\"boomdevs_2\"><em><strong>CEBA loan update: Original CEBA eligibility requirements<\/strong><\/em><\/h2>\n<p>The CEBA <em>online application process<\/em> began on April 9, 2020. It was part of the general program to supply Canadian companies with <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/programs\/financial-sector-policy\/business-credit-availability-program.html\" target=\"_blank\" rel=\"noopener\"><em>access to credit<\/em> and support<\/a> for business operations under the COVID-19 support introduced by PM Trudeau. Under the original program, federally guaranteed financing was provided to each qualifying company for $40,000 by financial institutions.<\/p>\n<p>Canadian chartered banks processed and financed the loans based on the <em>applications from businesses<\/em>. The <em>Canada Emergency Business Account<\/em> is not a business account, despite its name. Instead, it serves as a non-revolving loan. It is a government-guaranteed loan of $40,000. The CEBA are interest-free loans that do not need to be repaid until December 31, 2022. Interest will accrue after that date.<\/p>\n<p>The Canadian government created the CEBA to assist small and medium companies and non-profit organizations with their most pressing cash needs during the COVID-19 crisis. The entire process was conducted online. A pre-screening tool was implemented as part of the process. Applicants completed the questionnaire and provided the necessary information. After that, the <em>online application process<\/em> system:<\/p>\n<ul>\n<li>issued a CEBA pre-screen tool reference number;<\/li>\n<li>advised that your bank had submitted the application;<\/li>\n<li>explained that your bank has no involvement in the <em>application process<\/em>; and<\/li>\n<li>that you will hear back within 7 to 10 <em>business days<\/em>.<\/li>\n<\/ul>\n<p>The approval requirements for the $40K CEBA were not difficult to meet. On or before March 1, 2020, any incorporated company or non-profit relying on their respective <em>CRA <a href=\"http:\/\/www.irasmithinc.com\/blog\/canada-emergency-wage-subsidy\/?relatedposts_hit=1&amp;relatedposts_origin=11168&amp;relatedposts_position=2\">Business<\/a> Numbers<\/em> and having a Canada Revenue Agency Business Number (BN) could apply for the CEBA. A company or non-profit also needed to be a business with payroll and have a total 2019 payroll of $50,000 to $1 million with the Canada Revenue Agency Business Payroll Number (BN).<\/p>\n<p>There was also an online attestation to sign confirming all the information was correct.\u00a0 Each <em>financial institution<\/em> had its own form.\u00a0 So, for example, if you applied through The Toronto-Dominion Bank (TD), there was a <em>TD website application attestation<\/em>.<\/p>\n<figure id=\"attachment_11173\" aria-describedby=\"caption-attachment-11173\" style=\"width: 580px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11173\" src=\"http:\/\/www.irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg\" alt=\"ceba loan update\" width=\"580\" height=\"326\" data-wp-pid=\"11173\" title=\"\" srcset=\"https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg 1024w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-300x169.jpg 300w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-768x432.jpg 768w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1536x864.jpg 1536w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1200x675.jpg 1200w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-150x84.jpg 150w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update.jpg 1600w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><figcaption id=\"caption-attachment-11173\" class=\"wp-caption-text\"><em>ceba loan update<\/em><\/figcaption><\/figure>\n<h2 id='ceba-loan-update-expanded-ceba-eligibility-requirements'  id=\"boomdevs_3\"><em><strong>CEBA loan update: Expanded CEBA eligibility requirements<\/strong><\/em><\/h2>\n<p>Then there was a <em>CEBA loan update<\/em> since it was first announced as <em>additional government assistance<\/em> for businesses&#8217; <em>additional funding<\/em>. There were changes to the maximum loan balance, <em>eligibility criteria<\/em>, and other details. As part of the <a href=\"https:\/\/deputypm.canada.ca\/en\/news\/news-releases\/2021\/03\/22\/government-announces-extension-canada-emergency-business-account-help\" target=\"_blank\" rel=\"noopener\">CEBA program extension<\/a>, businesses that were in operation in Canada on March 1, 2020, were now eligible for a $60,000 grant. Businesses must be all-Canadian corporations, partnerships or proprietorships.<\/p>\n<p>The $60,000 CEBA and $20,000 <em><a href=\"https:\/\/pm.gc.ca\/en\/news\/news-releases\/2020\/05\/19\/prime-minister-announces-expansion-support-workers-and-small\" target=\"_blank\" rel=\"noopener\">CEBA expansion<\/a><\/em> financing is not available to other types of business. The $40K CEBA amount already funded automatically qualifies you for the $20,000 CEBA expansion, if you were approved for the $40K CEBA amount in the first place. Now, <em>sole proprietors<\/em> and partners in business partnerships are also eligible.\u00a0<em>Corporations owned by family members continue to qualify.<\/em> Not-for-profit organizations apparently still did not qualify.<\/p>\n<p>To be eligible, applicants for this <em>CEBA loan update<\/em> had to have a payroll amount between $20,000 and $1,500,000 in the 2019 fiscal year.\u00a0 If not, the expansion allowed them to apply for the non-deferrable expense stream (applicants whose total payroll was $20,000 or less in the 2019 calendar year).<\/p>\n<p>The actual <em>program requirements <\/em>were written in a funny way. Rather than <em>payroll expenses<\/em>, it talks about having paid employment income. Apparently, Parliament wanted to emphasize that the money should be used to employ Canadians, so they can earn the employment income being paid by the business payroll!<\/p>\n<p><em>Eligible businesses<\/em> are ones that:<\/p>\n<ul>\n<li><em>CRA Business Numbers<\/em> &#8211; has an active business account with a CRA-issued BN registered before March 1, 2020.<\/li>\n<li>Has a business chequing\/operating account with the proposed lending institution they are applying through when the <em>application process<\/em> begins. An example would be an account at<em> BMO B M O business banking relationship<\/em> or a similar account at any other Canadian chartered bank. You should not have any problem meeting this requirement of having an <em>active business chequing account<\/em> if you have a Canadian operating business.<\/li>\n<li>In order to qualify for the entire $60,000 CEBA, applicants must not have previously used the <em>Canada Emergency Business Account<\/em> Program; they also cannot request support under the CEBA Program at any other <em>financial institution<\/em>.\u00a0 The $20K loan could be added to the $40K loan that you already received.<\/li>\n<li>The plan was to remain open or to reopen as soon as the restrictions were lifted.<\/li>\n<\/ul>\n<h2 id='ceba-loan-update-repayment-terms-rate-of-interest-other-fees-and-charges'  id=\"boomdevs_4\"><em><strong>CEBA loan update:\u00a0 Repayment terms, rate of interest, other fees and charges<\/strong><\/em><\/h2>\n<p>The main provisions of the CEBA <em>term loan<\/em> are:<\/p>\n<ul>\n<li><em>Business owners<\/em> have access to a <em>single tranche<\/em> $60,000 loan through CEBA.<\/li>\n<li>Interest is 0% until December 31, 2022.<\/li>\n<li>Interest-only until then;<\/li>\n<li>Loans are fully open, so the non-forgiven portion of <em>principal repayment<\/em> can be done in full or in part before January 1, 2023.\n<p><figure id=\"attachment_11173\" aria-describedby=\"caption-attachment-11173\" style=\"width: 580px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11173\" src=\"http:\/\/www.irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg\" alt=\"ceba loan update\" width=\"580\" height=\"326\" data-wp-pid=\"11173\" title=\"\" srcset=\"https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg 1024w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-300x169.jpg 300w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-768x432.jpg 768w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1536x864.jpg 1536w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1200x675.jpg 1200w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-150x84.jpg 150w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update.jpg 1600w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><figcaption id=\"caption-attachment-11173\" class=\"wp-caption-text\"><em>ceba loan update<\/em><\/figcaption><\/figure><\/li>\n<\/ul>\n<h2 id='ceba-forgiveness-pay-it-back-on-time-and-get-free-money'  id=\"boomdevs_5\"><em><strong>CEBA Forgiveness: Pay it back on time and get free money<\/strong><\/em><\/h2>\n<p>To fully repay the loan by December 31, 2022, a borrower needs to repay only a portion of the <em>amounts outstanding<\/em>.\u00a0 They only need to pay $40,000 of the $60,000 principal, or $30,000 if you only took a $40,000 CEBA loan. If the loan is repaid by 2022, there will be $20,000 forgiven. According to the <em>federal governmen<\/em>t, this is actually called a <em>loan forgiveness<\/em> program.\u00a0 This portion represents <em>forgivable loans<\/em> for early repayment.<\/p>\n<p>After December 31, 2022, any <em>outstanding balance<\/em> will bear interest at the 5% rate per year for &#8216;Extended Term.&#8217; Extended Term ends on December 31, 2025. Essentially, the Extended Term converts it to a <em>3-year term loan<\/em> after the interest-free period, which is December 31, 2022. Interest will be payable every month on the <em>outstanding principal<\/em> during this period. No later than December 31, 2025, the full principal balance of $60,000 is due.<\/p>\n<h2 id='ceba-loan-update-default-notice-of-default-and-demand-for-repayment'  id=\"boomdevs_6\"><em><strong>CEBA loan update:\u00a0 Default, Notice of Default and Demand for Repayment<\/strong><\/em><\/h2>\n<p>There are some <em>CEBA loan update<\/em> default events. \u00a0Each default event is fairly straightforward. You may be required to repay a loan if any of the following defaults occur:<\/p>\n<ul>\n<li>non-payment under CEBA funding;<\/li>\n<li>the repayment of any other <em>business loans<\/em> not covered by CEBA to the same <em>financial institution<\/em> is not made under their terms.<\/li>\n<li>violation of any term of the CEBA agreement, including making false or deceptive statements in the CEBA application;<\/li>\n<li>the business becomes insolvent or commits one or more acts of bankruptcy;<\/li>\n<li>a receiver is appointed.<\/li>\n<\/ul>\n<p>If the borrower defaults, the only recourse for the bank would seem to be to advise the borrower that full repayment is due immediately. A CEBA<em> loan agreement<\/em> contains no other specifics that grant additional powers to a lender.<\/p>\n<p>Personal guarantees are not included in CEBA loans. The CEBA agreement does state that any successors or personal representatives, including executors and administrators, are bound by the CEBA agreement. When only corporations could apply in the beginning, this language did not make sense. The language now makes sense since the CEBA update expanded CEBA to include <em>sole proprietors<\/em> and partners, who are people, not companies.<\/p>\n<p>Keep in mind that if you are a <em>sole proprietor<\/em> or partner in an unincorporated business, the loan was made to you personally. \u00a0So although there is no <em>personal guarantee<\/em>, if you run an unincorporated business, you are personally liable.<\/p>\n<figure id=\"attachment_11173\" aria-describedby=\"caption-attachment-11173\" style=\"width: 580px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11173\" src=\"http:\/\/www.irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg\" alt=\"ceba loan update\" width=\"580\" height=\"326\" data-wp-pid=\"11173\" title=\"\" srcset=\"https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg 1024w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-300x169.jpg 300w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-768x432.jpg 768w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1536x864.jpg 1536w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1200x675.jpg 1200w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-150x84.jpg 150w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update.jpg 1600w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><figcaption id=\"caption-attachment-11173\" class=\"wp-caption-text\"><em>ceba loan update<\/em><\/figcaption><\/figure>\n<h2 id='ceba-loan-update-now-for-the-3-ways-for-entrepreneurs-to-conquer-ceba-loan-default'  id=\"boomdevs_7\"><em><strong>CEBA Loan Update:\u00a0 Now For The 3 Ways For Entrepreneurs To Conquer CEBA Loan Default<\/strong><\/em><\/h2>\n<p>In the same way that I mentioned the findings of the CFIB in the introduction to this <em>CEBA loan update<\/em> Brandon Blog, I&#8217;ve been contacted by entrepreneurs who applied for and received the $60K CEBA loan funds only to lose confidence in the financial prospects of their business. The company is still in financial trouble and its <em>operating costs<\/em> are still greater than the revenue being earned.\u00a0 It is just the case that the business managed to hang on longer. <em>Business owners<\/em> want to understand the risks associated with CEBA repayment if:<\/p>\n<ul>\n<li>their business fails;<\/li>\n<li>it closes; or<\/li>\n<li>If their <em>financial institution<\/em> appoints a receiver over the assets due to other loans that are in default or, the business goes bankrupt.<\/li>\n<\/ul>\n<p>So far, I have informed them of my understanding of CEBA l<em>oan terms<\/em> and <em>CEBA loan default<\/em> events. Entrepreneurs should also make sure the company&#8217;s books and records can demonstrate receipt of the CEBA<em> interest-free loan<\/em> and that used funds were appropriate for the company&#8217;s needs.<\/p>\n<p>So here are the <em>CEBA loan update<\/em> 3 ways for entrepreneurs to conquer a <em>CEBA loan default<\/em>:<\/p>\n<ol>\n<li>The first <em>CEBA loan update<\/em> loan default tip is to relax because right now, nothing is due.\u00a0 Not interest or principal.\u00a0 Interest-only begins on January 1, 2023, and then it is a <em>3-year term loan<\/em> with<em> monthly payments<\/em> of interest calculated at 5% per annum. So if your business is still running, for $250 a month, you can buy yourself another 3 years to see if things get better. Maybe things will look brighter as you get closer to the end of 2022 or 2026, as the case may be.<\/li>\n<li>If the CEBA loan borrower is an incorporated company, relax.\u00a0 You are not personally liable.\u00a0 This is my second <em>CEBA loan update<\/em> loan default tip.<\/li>\n<li>My third <em>CEBA loan update<\/em> loan default tip is we need to talk if you are a <em>sole proprietor<\/em> or partner. Don&#8217;t relax.\u00a0 Will you continue your business? Is it possible for the partners to pay off the CEBA loan and obtain a 25% <em>loan forgiveness<\/em>? I can develop strategies for you to reduce the damage of your personal obligations to the Bank if this isn&#8217;t possible.<\/li>\n<\/ol>\n<h2 id='ceba-loan-update-summary'  id=\"boomdevs_8\"><strong><em>CEBA loan update<\/em> summary<\/strong><\/h2>\n<p>I hope you enjoyed this\u00a0<em>CEBA loan update<\/em> Brandon Blog post.\u00a0Are you worried because you or your business are dealing with substantial debt challenges and you assume bankruptcy is your only option? Call me. It is not your fault that you remain in this way. You have actually been only shown the old ways to try to deal with\u00a0<a href=\"http:\/\/www.irasmithinc.com\/blog\/i-need-financial-help-immediately-canada\/?relatedposts_hit=1&amp;relatedposts_origin=10674&amp;relatedposts_position=2&amp;relatedposts_hit=1&amp;relatedposts_origin=10674&amp;relatedposts_position=2\">financial issues<\/a>. These old ways do not work anymore.<\/p>\n<p>The<a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\">\u00a0Ira Smith Team<\/a>\u00a0utilizes new modern-day ways to get you out of your debt difficulties while<a href=\"http:\/\/www.irasmithinc.com\/blog\/bankruptcy-alternative\/\">\u00a0<em>avoiding bankruptcy<\/em><\/a>. We can get you the relief you need and so deserve.<\/p>\n<p>The tension put upon you is big. We know your discomfort factors. We will check out your entire situation and design a new approach that is as unique as you and your problems; financial and emotional. We will take the weight off of your shoulders and blow away the dark cloud hanging over you. We will design a debt settlement strategy for you. We know that we can help you now.<\/p>\n<p>We understand that people and businesses facing financial issues need a realistic lifeline. There is no \u201cone solution fits all\u201d method with the<a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\">\u00a0Ira Smith Team<\/a>. Not everyone has to\u00a0<em>file bankruptcy in Canada<\/em>. The majority of our clients never do. We help many people and companies stay clear of\u00a0<em>bankruptcy<\/em>.<\/p>\n<p>That is why we can establish a new restructuring procedure for\u00a0<em>paying down debt<\/em>\u00a0that will be built just for you. It will be as one-of-a-kind as the economic issues and discomfort you are encountering. If any one of these seems familiar to you and you are serious about getting the solution you need,<a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\">\u00a0contact the Ira Smith Trustee &amp; Receiver Inc. group today<\/a>.<\/p>\n<p><a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\">Call us now for a no-cost consultation<\/a>.<\/p>\n<p>We will get you or your business back up driving to healthy and balanced trouble-free operations and get rid of the discomfort factors in your life,\u00a0<em>Starting Over, Starting Now<\/em>.<\/p>\n<p style=\"text-align: center;\">We hope that you and your family are safe, healthy and secure during this<a href=\"http:\/\/www.irasmithinc.com\/blog\/covid-19-business-support-canada-emergency-business-account\/?relatedposts_hit=1&amp;relatedposts_origin=11168&amp;relatedposts_position=1\">\u00a0<em>COVID-19 pandemic<\/em><\/a>. Ira Smith Trustee &amp; Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting.<\/p>\n<figure id=\"attachment_11173\" aria-describedby=\"caption-attachment-11173\" style=\"width: 1600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/g.page\/torontobankruptcy?share\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11173\" src=\"http:\/\/www.irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update.jpg\" alt=\"ceba loan update\" width=\"1600\" height=\"900\" data-wp-pid=\"11173\" title=\"\" srcset=\"https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update.jpg 1600w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-300x169.jpg 300w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1024x576.jpg 1024w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-768x432.jpg 768w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1536x864.jpg 1536w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-1200x675.jpg 1200w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2021\/10\/ceba-loan-update-150x84.jpg 150w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/a><figcaption id=\"caption-attachment-11173\" class=\"wp-caption-text\"><em>ceba loan update<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>ceba loan update\u00a0 We hope that you and your family are safe, healthy and secure during this\u00a0COVID-19 pandemic. Ira Smith Trustee &amp; Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. CEBA loan update introduction Canada Emergency Business Account (CEBA) loan application [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5253,5746,5737,5732,5731,5730,5745,5747,4184,4192,4990,5739,5752,5729,5728,5741,4264,5733,5753,5738,5735,5744,5736,3140,467,863,5755,5754,4994,5750,5743,5751,5742,5749,5748,5740,5734],"class_list":["post-11168","post","type-post","status-publish","format-standard","hentry","category-brandon-blog-post","tag-access-to-credit","tag-active-business","tag-additional-funding","tag-application-process","tag-applications-from-businesses","tag-array-of-government-support","tag-bmo-b-m-o-business-banking-relationship","tag-business-chequing-account","tag-canada-emergency-business-account","tag-ceba","tag-ceba-application-deadline","tag-ceba-expansion","tag-ceba-forgiveness-pay-it-back-on-time-and-get-free-money","tag-ceba-loan-default","tag-ceba-loan-update","tag-corporations-owned-by-family-members-continue-to-qualify","tag-covid-19-pandemic","tag-cra-business-numbers","tag-default","tag-eligibility-criteria","tag-eligibility-requirements","tag-eligible-businesses","tag-expanded-ceba-eligibility-requirements","tag-federal-government","tag-financial-institution","tag-ira-smith-trustee","tag-loan-forgiveness","tag-notice-of-default-and-demand-for-repayment","tag-online-application-process","tag-other-fees-and-charges","tag-payroll-expenses","tag-principal-repayment","tag-program-requirements","tag-rate-of-interest","tag-repayment-terms","tag-sole-proprietors","tag-td-website-application-attestation"],"_links":{"self":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/11168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/comments?post=11168"}],"version-history":[{"count":5,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/11168\/revisions"}],"predecessor-version":[{"id":11178,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/11168\/revisions\/11178"}],"wp:attachment":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/media?parent=11168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/categories?post=11168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/tags?post=11168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}