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Canada Emergency Business Account

Canada Emergency Business Account 4.0 Now Available – Apply Now!

The physical and financial health of our members is our top priority, and we’re dedicated to supporting local businesses through these challenging times.


On Monday, October 26, 2020, the government announced the roll out of an expansion to the eligibility criteria to the CEBA Program (“CEBA 4.0”). CEBA 4.0 expands program eligibility to support small businesses who open a business chequing/operating account after March 1, 2020. 
 

We are now accepting applications for the Canada Emergency Business Account (CEBA). CEBA is a federal government loan program that provides small and medium-sized businesses with a limited-time, interest-free loan of up to $40,000.

 

CEBA Plus, the expanded $60k CEBA will also be coming soon. This gives the ability for existing borrowers to receive an additional $20,000. 

 

How do I qualify for CEBA?

Members are encouraged to complete the online pre-screen tool to determine eligibility prior to opening an account. Click here to access the pre-screen tool.

 

How do I apply for CEBA?

For your convenience you can apply from home using our online application. Our team of advisors will contact you once your application has been received to discuss next steps. 

 

For a speedy experience, please have the following information on hand:

 

If you’re applying through the Payroll stream, have the following:

 15-digit Canada Revenue Agency Number also shown on your T4SUM

 All 2019 T4SUM statements

 Your Credit Union Business Account Number

 

If you’re applying through the Non-Deferrable Expenses Stream

 9-digit Canada Revenue Agency Number

 Most recent Tax Return filed with CRA (2019 or 2018)

 Your Credit Union Business Account Number

 

 

PLEASE ONLY SELECT YOUR CORRECT CONNECT FIRST BRAND WHEN FILLING OUT THE APPLICATION TO ENSURE IT GETS TO THE RIGHT TEAM MEMBER.  THIS WILL ALLOW YOUR APPLICATION TO BE REVIEWED AS QUICKLY AS POSSIBLE.

 

APPLY NOW

 

 

Once you’re approved for CEBA, you will receive a direct deposit to your bank account. For additional information please click here.

 

Get in touch

Our team of advisors is here to guide you through this challenging time. If you need to get in touch, please contact your Credit Union Advisor, Account Manager or submit questions to CEBAInquiries@ConnectFirstCU.com for further assistance.

 

Please include the following:  

Subject Line: Application follow-up for <<Insert Applicant Name Here>>

Applicant Name

Application Date

Your Banking Region (ie. Chinook, First Calgary, Legacy, Mountain View).

 

Thank you for your patience while we work hard to help our members!

 

CEBA PROGRAM FAQS

 

Terms and conditions apply. Visit https://ceba-cuec.ca/ for more information.