Canadian Emgergency Business Account for Small Business (CEBA)

Canadian Emergency Business Account for Small Business (CEBA)

The federal government provides small businesses with the Canada Emergency Business Account (CEBA) due to the 2020 COVID-19 Pandemic. A CEBA loan provides financial relief for eligible small businesses and not-for-profit organizations.

If your small business qualifies, the Canada Emergency Business Account provides access to a $40,000 interest free loan. Repaying the loan on or before December 31, 2022 will result in loan forgiveness of 25% (up to $10,000). You can contact your Business Account Manager to see if you qualify or to discuss repayment.

To apply please contact your Business Account Manager.

** If you intend to apply for a CEBA loan under the Non-Deferrable Expenses stream, please complete a CEBA Eligibility Test and provide your CEBA pre-screen number to the credit union when you apply. **

Read about the CEBA Guidelines here.

If you have applied for a CEBA loan and still need to provide evidence of non-deferrable expenses, documents can be uploaded to the CEBA Document Upload Website but please note, the site works best in Chrome and Safari browsers.


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