What is CEBA?
The Canada Emergency Business Account will help eligible small businesses with capital to see them through the current challenges. It will provide interest-free loans of up to $40,000 (guaranteed by the government) to small businesses and not-for-profits, to help with operating costs. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
How do I apply?
Locate the following:
• Canada Revenue Agency Business Number (BN) (15 digits) as reported at the top of your 2019 T4 Summary of Remuneration Paid (T4SUM)
• The employment income reported in Box 14 of your 2019 T4SUM
Then download and complete the Information Form and Loan Agreement, and submit them along with your name and phone number in the submission form below. You can also mail or drop off the forms in the overnight depository boxes located at our branches.