Canada Emergency Business Account

CEBA


CEBA

Online CEBA application click here!

Update (March 31, 2021): The Government of Canada, alongside its partners EDC has announced that the application deadline for the Canada Emergency Business Account (CEBA) program has been extended to June 30, 2021.  More details can be found below.

The Government of Canada in partnership withe the Export Development Canada (EDC) has launched the Canada Emergency Business Account (CEBA) grant program to provide eligible business owners with an interest-free, goverment-backed loan of $60,000 to help ease the financial strain experenced as a result of the COVID-19 pandemic.


If you are a business member and have an existing CEBA loan administered through our credit union, and this loan is in good standing, you may apply for the program by clicking here. For those who are eligible, $10,000 will be forgiveable if repaid by December 21, 2022.  For example, if you are a business who has a currentl loan of $40,00 and are approved for the additional fund under the new criteria of $20,000 your total loan is $60,000 and of that, $20,000 is forgiveable if repaid before December 31, 2022.

For those business members who do not have an existing CEBA loan or pending application, and meet the criteria outlined by EDC, you may be eligible for a loan up to $60,000 with a total of $20,000 forgivable if repaid prior to December 31, 2022. New applicants must complete the EDC pre-screening tool here and follow the other application requirements outlined below.

The application deadline has been extended to June 30, 2021

To determine if you may meet the CEBA eligibility requirements, please use the EDC CEBA pre-screen tool.

If it is determined that you may be eligible, contact us at your local branch or by email to admin@ccunl.ca to open a business chequing/operating account and continue the application for the CEBA loan here.

More information on the program as well as frequently asked questions are outlined below.


The Government of Canada and Export Development Canada (EDC) have launched the Canada Emergency Business Account (CEBA) to support businesses and non-profits that have been adversely affected by COVID-19. Eligible businesses will receive a total of $60,000 loan for immediate financial support to cover short term operating expenses, payroll, and other non-deferrable expenses which are critical to sustain business continuity.

We are accepting applications for the CEBA loan program on behalf of the Government of Canada and Export Development Canada (EDC) until June 30, 2021. To apply, please complete the following:

1. Complete a government pre-screening to see if you may be eligible for the CEBA Program. If you may be eligible, you will receive a 10-digit pre-screen number.

2. Open a business account. A business account is required to qualify for the CEBA program. Contact us at your local branch or by email to admin@ccunl.ca to open your business banking account. 3. Submit your application by clicking here.

Online CEBA application click here!

Frequently Asked Questions

For more information on the CEBA Program, visit the Government of Canada website.

 

 

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