If you are in need of financial assistance, RBC CEBA loan agreement may be the right solution for your business. The Canada Emergency Business Account (CEBA) has been introduced by the Canadian government to help small businesses affected by COVID-19 pandemic.

RBC CEBA loan agreement is provided by Royal Bank of Canada (RBC) that has partnered with the Canadian government to provide financial support to small businesses. This loan comes with several benefits, including low interest rates, deferred payments, and partial loan forgiveness.

To be eligible for the RBC CEBA loan agreement, your business must have been operating before March 1, 2020, and have an annual payroll of between $20,000 and $1.5 million. The loan amount is $40,000, and businesses can use the funds to cover operating expenses, such as rent, utilities, and payroll.

The loan is interest-free until December 31, 2022, and then the interest rate will be 5%. If the loan is repaid by December 31, 2022, 25% of the loan will be forgiven, up to a maximum of $10,000.

To apply for the RBC CEBA loan agreement, you must have an active RBC business operating account that was opened on or before March 1, 2020. You can apply through RBC`s online banking portal or by contacting RBC`s customer support team.

In conclusion, RBC CEBA loan agreement is a great financial option for small businesses affected by the COVID-19 pandemic. With low interest rates, deferred payments, and partial loan forgiveness, this loan can provide much needed financial assistance to help keep your business afloat during these challenging times. As always, it`s important to carefully review the terms and conditions of any loan agreement and seek professional advice if necessary.