CEBA Opportunity for Canada’s Small Business

CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

December 12, 2020

CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

Latest Opportunity for Canada’s Small Business Community

To All Nelson & District Credit Union Small Business Members.

If NDCU is where you maintain your primary busines operating account, you may apply for a CEBA Loan online, using your Member Direct access at www.nelsoncu.com

CEBA requirements and deadlines have changed:

•As of December 4, 2020, CEBA loans for eligible businesses will increase from $40,000 to $60,000.
•Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in financing.
•All applicants have until March 31, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion.

Eligibility

Program Overview and Eligibility requirements available at https://ceba-cuec.ca/

Loan Application Status

If you have already applied for CEBA and have questions, please contact the CEBA Call Centre at 1-888-324-4201.

An agent will return your call within 3 business days between Monday and Friday from 10:00 am to 9:00 pm EST, and can address the following types of questions:

•Application status
     oWhat is the status of my application?
     oWhy was my application declined?
•Supporting Documents
     oWhy was my submitted document rejected?
     oWhat other documents do I need to submit?