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Navigating CEBA Loan Repayment and Refinancing: A Comprehensive Guide



How Banks and Credit Unions Are Assisting Canadian Businesses

The year 2023 brought significant changes to the CEBA (Canada Emergency Business Account) program in Canada. Announced in mid-September, these changes introduced increased flexibility regarding loan repayment timelines. While the extension might seem modest, it offers businesses more time to explore CEBA refinancing options, allowing them to make well-informed decisions tailored to their unique situations.

In this comprehensive guide, we will delve into the timeline for CEBA loan refinancing, how financial institutions determine eligibility for refinancing, and the strategies adopted by banks and credit unions to assist businesses in managing their CEBA loans. We will also provide insights into select financial institutions’ approaches to CEBA loan repayment and refinancing.

Timeline for CEBA Loan Refinancing

The recent announcement from the Canadian government concerning CEBA loan repayment deadlines clarified a critical aspect of the program. While some borrowers might have hoped for a more extended extension, the announcement shifted the CEBA loan repayment date (the date crucial for loan forgiveness eligibility) from December 31, 2023, to January 18, 2024. Though this extension may appear brief, it offers businesses seeking refinancing a bit more breathing space.

Furthermore, if a borrower applies for a loan through the financial institution holding their CEBA Loan, the repayment deadline to qualify for loan forgiveness automatically extends to March 28, 2024 – even if the application is denied. This extension provides a valuable opportunity for businesses to explore CEBA refinancing alternatives.

Businesses have the option to apply for a refinanced CEBA loan anytime before January 18, 2024. Regardless of whether the business loan is approved or denied before March 28, 2024, the repayment deadline to qualify for CEBA loan forgiveness is extended until March 28, 2024.

How Financial Institutions Determine Eligibility for CEBA Loan Refinancing

Eligibility for CEBA loan refinancing hinges on a business’s financial situation. The CEBA program was initiated by the federal government in response to the COVID-19 pandemic, and loans were disbursed through financial institutions as part of a relief measure. Unlike traditional lending practices, CEBA loans did not entail rigorous creditworthiness assessments, revenue history evaluations, or credit score checks before approval. The government streamlined the process to ensure swift fund disbursal through existing financial institutions.

Consequently, even businesses with poor credit or those who would typically not qualify for a credit facility gained access to CEBA loans. The federal government shouldered the risk of repayment for CEBA loans, leveraging banks and credit unions as conduits for program execution. Therefore, when an SMB seeks a CEBA refinancing loan to qualify for loan forgiveness, the financial institution assumes the risk instead of the government. As a result, financial institutions are subject to potentially stricter underwriting guidelines.

Credit Unions Refinancing CEBA Loans

Credit unions have been actively participating in CEBA refinancing, providing options to help their clients leverage government-sponsored loan forgiveness.

Meridian Credit Union: Meridian Credit Union offers one of the most competitive CEBA refinancing programs, with potential loans of up to $40,000 at a rate of prime plus 1.25% and a repayment period of 36 months. As of the current prime rate, this translates to an interest rate of 8.45%. Meridian’s refinancing program requires applicants to complete a personal net worth statement to determine their eligibility. It’s important to note that personal credit plays a significant role in underwriting and approving business loans at Meridian.

Vancity: Vancity has developed an informative infographic to assist their customers in planning recurring payments to repay their CEBA loans. For clients who haven’t repaid enough to qualify for CEBA forgiveness, Vancity offers loan options to bridge the gap. Clients can reach out to Vancity advisors, branch staff, or call 604-877-7000 to connect with the Vancity Member Service Centre.

Coast Capital: Coast Capital has set up a dedicated webpage to assist clients in navigating CEBA loan repayment. Their form enables Coast Capital customers to choose from a variety of repayment options. For businesses interested in CEBA refinancing, reaching out to a Coast Capital business banking team member online or by phone is recommended.

Other Credit Unions: If you bank with a different credit union, it is highly likely that they offer CEBA refinancing options. It is essential to contact your credit union to establish a repayment plan for your CEBA loan. You can find a list of all credit unions on this page.

Major Banks Refinancing CEBA Loans

Canada’s major banks have actively participated in the CEBA program and are willing to offer CEBA loan refinancing options.

Royal Bank of Canada (RBC): RBC has been proactive in reaching out to its customers, encouraging them to consult their account managers regarding CEBA loan repayment. RBC offers a portal for customers to request CEBA refinancing loans, simplifying the process. If businesses encounter difficulties in repaying their CEBA loans or believe additional cash flow could be beneficial, they can apply for a CEBA extension loan through the RBC portal.

Toronto-Dominion Bank (TD): TD extends CEBA refinancing to its customers through its app or website. Customers are also welcome to visit their branch or call their account manager for assistance. The terms of TD’s CEBA refinancing align with those of other banks, featuring a loan payable by December 31, 2026, and an interest rate in the low double-digit range.

Canadian Imperial Bank of Commerce (CIBC): CIBC simplifies CEBA loan repayment with a dedicated link on their website. They also provide comprehensive step-by-step instructions. CIBC offers to refinance CEBA loans for their customers and encourages businesses to consult with their advisors for a full understanding of their options.

Scotiabank: Scotiabank has streamlined CEBA loan repayment by enabling businesses to make bill payments to ScotiaLine for Business VISA. However, for those unable to repay the full loan amount before January 18, 2024, Scotiabank advisors will work with businesses to determine eligibility for CEBA refinancing. Scotiabank’s rates and terms are in line with other major banks.

Bank of Montreal (BMO): BMO actively collaborates with customers to refinance their CEBA loans. BMO offers a Credit Line of Business with rates ranging from prime plus 2% to prime plus 11%, translating to interest rates between 9.2% and 18.2% for qualifying businesses. The range of interest rates indicates BMO’s commitment to assisting a wide range of customers, regardless of their credit scores. Considering the $20,000 loan forgiveness portion, even a higher interest rate can offer long-term benefits, depending on individual circumstances.

National Bank of Canada (National): National Bank provides multiple options for CEBA loan repayment and assists customers in refinancing their CEBA loans if requested. Instructions for loan repayment can be found on their website. Businesses can engage with a bank advisor to determine their eligibility for CEBA refinancing. National also maintains a dedicated CEBA support team reachable at support_CEBA@nbc.

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Why is SAS Programming Trending?




The Statistical Analysis System (SAS) has grown into a major player in the field of data analytics, providing strong tools for managing data, performing advanced analytics, and gathering business information. 

Learning SAS has become useful as more and more businesses depend on making decisions based on data. Discover the reasons behind the rise in demand for SAS programming and learn how to use it in the real world. Taking an online SAS course will enable people to upskill.

What is SAS Programming?

SAS programming is a comprehensive tool for data manipulation, statistical analysis, and reporting. Its strengths lie in its versatility, reliability, and ability to handle complex data scenarios, making it an invaluable asset in the field of data analytics and business intelligence. It allows users to import, clean, and transform data from various sources, ensuring data integrity and quality. With a robust programming language, SAS facilitates the creation of sophisticated algorithms and statistical models for in-depth analysis. 

Its data manipulation capabilities include sorting, merging, and aggregating datasets, providing a flexible environment for handling complex data structures. If this field excites you and you want to work in this field, remember the first step is clearing an interview so remember to brush up your knowledge of SAS interview questions and answers to impress the recruiters and secure your dream job.

Why is SAS Programming Trending?

The rise in popularity of SAS programming may be traced to a number of important aspects that have contributed to the software’s prominence in the field of data and analytics.

  1. Robust Analytics Capabilities: SAS, or the Statistical Analysis System, isn’t just a set of tools; it’s a powerhouse of analytics capabilities. 
  • Beyond mastering statistics, SAS empowers users to uncover patterns, identify trends, and make informed predictions. 
  • In a world where businesses heavily lean on data for decision-making, SAS programming skills are increasingly sought after.
  •  It’s not just about knowing the numbers; it’s about extracting meaningful insights that can guide strategic decisions. 
  • As industries evolve toward data-centric models, the demand for individuals adept in SAS analytics continues to grow, making it a skill that stands out in the professional landscape.
  1. Adaptability in Data Management: One of SAS’s standout features is its adaptability in data management. 
  • Whether organizing, cleaning, or transforming data, SAS provides a user-friendly environment for these crucial tasks. 
  • In today’s data-rich environment, where the volume and complexity of data can be overwhelming, SAS offers a reliable toolkit. 
  • It simplifies the intricate process of handling and preparing data for analysis.
  •  This adaptability is not just a convenience; it’s a necessity in a landscape where the ability to make sense of vast and intricate datasets is a defining factor for success in various professional domains.
  1. Seamless Business Intelligence: SAS may be easily integrated with:
  • A variety of business intelligence tools, enable it to play an essential role in the decision-making process. 
  • The fact that SAS enables businesses to generate actionable knowledge from their data in a variety of ways, including the creation of useful reports and interactive dashboards, has contributed to the software’s rising popularity. 
  1. Industry Relevance: SAS programming has a wide range of applications, including those in healthcare, marketing, and finance. 
  • As a result of its versatility, SAS is a skill that is in high demand. This is due to the fact that professionals can use SAS approaches to tackle challenges that are unique to their business, which contributes to SAS’s overall appeal.
  1. Employment Advancements: Due to the ever-increasing need for experts with SAS skills:
  • Professionals who invest in SAS programming frequently find that they have increased employment prospects available to them. 
  • Particularly among companies, a validation of an individual’s capacity to manage complicated data analytics jobs comes in the form of a SAS certification, which is widely accepted by employers.
  1. Continuous Innovation: SAS does not rest on its laurels when it comes to continuous innovation. 
  • SAS remains at the forefront of the analytics sector thanks to its commitment to ongoing innovation. 
  • Professionals who use SAS are guaranteed to be up to date with the most recent developments in data analytics and to be able to react to the ever-changing environment thanks to regular updates and changes.


SAS programming can be attributed to its robust analytics prowess, adaptability in diverse industries, and seamless integration with business intelligence. As businesses increasingly rely on data for decision-making, SAS emerges as a vital tool for professionals seeking to unravel insights from complex datasets.

 Its user-friendly interface, coupled with career advancement opportunities through certifications, solidifies SAS as a must-have skill. In an era marked by constant data evolution, SAS programming’s commitment to innovation ensures its continued relevance, making it a trendsetter and a cornerstone in the dynamic landscape of data analytics.

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Boosting Business Efficiency with Zintego Invoice Template, Receipt Maker, and Invoice Generator





Effective financial management is a cornerstone of success for any business, big or small. Invoices and receipts are the backbone of this financial ecosystem, ensuring that transactions are properly documented and payments are tracked. However, the traditional manual methods of creating and managing invoices and receipts can be time-consuming and prone to errors. To alleviate these challenges, Zintego offers a suite of financial management tools that includes the Zintego Invoice Template, Receipt Maker, and Invoice Generator. In this article, we will explore how these tools can help you streamline your financial processes and improve your overall business efficiency.

  1. Zintego Invoice Template: Crafting Professional Invoices with Ease

Invoices serve as the formal requests for payment in any business transaction. A well-designed invoice not only facilitates timely payments but also projects a professional image of your business. Zintego’s Invoice Template is a versatile tool designed to simplify the process of creating customized invoices.

1.1. Branding and Customization

One of the standout features of Zintego’s Invoice Template is its robust customization options. You can effortlessly incorporate your company logo, contact details, and branding elements to create invoices that align seamlessly with your business identity. Consistency in branding not only adds professionalism but also enhances brand recognition among your clients.

1.2. User-Friendly Interface

Not everyone has design expertise, and Zintego recognizes this. The platform offers a wide array of templates, fonts, colors, and layout options, making it accessible to users with varying levels of design experience. The intuitive drag-and-drop functionality allows you to arrange elements effortlessly, ensuring that your invoices look polished and professional.

1.3. Streamlined Record-Keeping

Zintego Invoice Template goes beyond invoice creation; it streamlines record-keeping as well. The platform automatically assigns invoice numbers and dates, making it easier to track payments and manage outstanding invoices. This feature is especially valuable for businesses dealing with a high volume of invoices.

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1.4. Seamless Integration

Efficiency is further enhanced through Zintego Invoice Template’s compatibility with various accounting software solutions, including popular options like QuickBooks, Xero, and FreshBooks. This integration ensures that your invoices and financial data remain synchronized, reducing the risk of data entry errors and simplifying the reconciliation process.

  1. Zintego Receipt Maker: Simplifying Receipt Management

Receipts are crucial documents for tracking expenses and income, especially for small businesses and freelancers. Zintego Receipt Maker is a powerful tool designed to streamline the creation and management of receipts.

2.1. Instant Receipt Generation

Zintego Receipt Maker empowers you to generate professional-looking receipts instantly. Inputting transaction details, such as the date, description, amount, and payment method, is a straightforward process. Once you’ve provided the necessary information, the platform generates a polished receipt that can be either printed or emailed to your clients. This feature is particularly invaluable when immediate receipt issuance is required.

2.2. Compliance and Legal Requirements

In many jurisdictions, businesses are legally obligated to issue receipts for specific types of transactions. Zintego Receipt Maker ensures that your receipts meet these legal requirements, keeping you in compliance with tax regulations and preventing potential penalties.

2.3. Efficient Expense Tracking

Effective expense tracking is essential for sound financial management in businesses. Zintego Receipt Maker simplifies this process by offering a user-friendly platform for documenting and organizing expenses. This feature is particularly beneficial for small business owners who may not have access to complex accounting software.

2.4. Secure Cloud-Based Storage

Zintego Receipt Maker provides secure cloud-based storage for your receipts. This storage solution ensures that your essential financial documents are never lost and can be accessed and managed conveniently from anywhere with an internet connection. This feature adds an extra layer of security and accessibility to your financial records.

  1. Zintego Invoice Generator: Automating Billing and Invoicing

Manual invoice creation can be time-consuming, especially when dealing with multiple clients and recurring billing cycles. Zintego Invoice Generator is designed to simplify this process and save you valuable time.

3.1. Automated Invoice Generation

The heart of Zintego Invoice Generator lies in its ability to automate the invoice creation process. Setting up recurring invoices for regular clients is a breeze, as the platform generates and sends them automatically based on your pre-defined parameters. This not only saves time but also minimizes the risk of human errors in the invoicing process.

3.2. Timely Payment Reminders

Late payments can disrupt your cash flow and create financial challenges. Zintego Invoice Generator comes equipped with automated payment reminders that can be sent to your clients. You can customize these reminders based on due dates or payment terms, ensuring that you receive payments on time and maintain a healthy cash flow.

3.3. Multi-Currency Support

For businesses with international operations, managing multiple currencies can be complex. Zintego Invoice Generator simplifies this process by offering support for various currencies. You can effortlessly create invoices in the currency of your choice, making it convenient for clients worldwide and reducing currency conversion complexities.

3.4. Real-Time Reporting and Analytics

Access to real-time financial data is crucial for making informed business decisions. Zintego Invoice Generator provides comprehensive reporting and analytics features, allowing you to track payments, monitor outstanding invoices, and assess your business’s financial performance at a glance. This valuable insight empowers you to make effective financial plans and strategic decisions.


Efficient financial management is the bedrock of a successful business. Zintego’s Invoice Template, Receipt Maker, and Invoice Generator offer powerful tools that simplify and streamline financial processes. Whether you need to create professional invoices, manage receipts, or automate billing and payment reminders, Zintego provides the solutions you need. By integrating these tools into your business operations, you can enhance efficiency, reduce errors, and focus on what truly matters—growing your business. Zintego empowers you to take control of your finances, ensuring a smoother and more prosperous financial journey for your business. Embrace these tools, and watch as they transform the way you handle your financial paperwork, ultimately leading to increased productivity and financial success. With Zintego, financial management has never been easier.


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How Wide are Server Racks? Typical Sizes Explained




When setting up a data center or server room, understanding the dimensions of server racks is crucial for ensuring compatibility and efficient space utilization. This article explores the typical widths of server cabinets, addressing common questions like “How wide are datacenter equipment racks normally?” We’ll guide you through the standard sizes and their practical implications, ensuring you make an informed decision for your networking needs.

Standard Server Rack Widths

The Industry Standard

How Wide is a Standard Server Rack?

  • The universally accepted standard width for server cabinets is 19 inches. This size aligns with the majority of mounted IT equipment, making it a versatile and widely compatible choice.

For more in-depth information, explore network rack dimensions to gain a broader understanding of standard sizes and configurations.

Wider Options for Specific Needs

Beyond the Standard: 23 and 24-inch

  • In scenarios requiring more space, such as for extensive cable management or larger equipment, server cabinets can extend up to 23 or 24 inches in width. These sizes are less common but vital for specific applications.

Datacenter Cabinet Widths

Common Widths in Data Centers

Datacenter Equipment Racks are Normally How Wide?

  • The standard 19-inch width prevails in most data centers. However, larger or specialized data centers might opt for 23 or 24-inch cabinets  to accommodate specific hardware or cabling requirements.

How Wide is a Rack Mount?

Width Variations

  • Rack mounts typically match the width of the server cabinet, with 19 inches being the most common. However, some are designed for wider cabinets and can therefore be 23 or 24 inches wide.

Selection and Planning

Choosing the Right Width

Assessing Your Equipment Needs

  • The width of your server rack should primarily be dictated by the size and type of equipment you intend to install. While a 19-inch rack will suffice for most standard server and networking equipment, consider wider options if you anticipate needing more space for cable management or larger hardware.

Planning for the Future

  • Opt for a cabinet size that not only meets your current needs but also accommodates potential future expansions. A slightly wider rack can offer more flexibility for upgrades and added equipment.

Practical Considerations

Space and Accessibility

Room Layout and Cabinet Width

  • Consider the overall layout of your server room or data center. Wider cabinets, while offering more internal space, also demand more floor space and might affect the overall room layout and accessibility.

Ease of Maintenance

  • Wider cabinets generally allow easier access for maintenance, installation, and cable management, potentially reducing the time and effort required for these tasks.

Server Cabinet Width and Compatibility

Ensuring Equipment Fit

Standardized Equipment Sizes

  • Most rack-mountable equipment is designed to fit in the standard 19-inch rack. Ensure that your equipment specifications match the rack width to avoid compatibility issues.

Custom Solutions for Unique Requirements

  • In cases where standard sizes do not suffice, custom rack solutions are available. These can be tailored to unique equipment sizes or specific operational needs.


The width of server cabinets is a fundamental aspect to consider when designing and organizing a data center. While the 19-inch rack is the standard and suits most needs, wider options exist for specific requirements. It’s essential to balance current needs with future scalability, space constraints, and maintenance considerations. By understanding these dimensions, you can ensure a seamless and efficient setup for your server environment.

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