Canada Emergency Business Account

Start your Application

TCU Financial Group is now accepting applications for the Canada Business Emergency Account (CEBA). Our dedicated, local Business Solutions Team is here to help. Contact us today to find out more about CEBA.

To begin your application, quickly and easily apply online through our secure portal.

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.

The CEBA Application Process*

  • Submit your CEBA application through our online portal. Please use the online portal if you applying for the $20,000 expansion or you are a new $60,000 CEBA applicant.
  • A TCU Financial Group representative will contact you to verify your application.
  • You may need to upload additional documentation that is requested from the Government of Canada during the application process. Your application is not considered submitted until all documentation is uploaded.
  • TCU Financial Group will send your application to the Government of Canada on your behalf.
  • TCU Financial Group will inform you if your CEBA application is declined or if additional information is required.
  • TCU Financial Group will work with the Government of Canada to process your application. It may take up to 10-15 business days for the Government of Canada to process your application. To view the status of your application visit the Government of Canada's CEBA Application Status Website.
  • You will be notified when funds are available. You are required to have a business chequing account with TCU Financial Group for funds to be deposited. We offer competitive and flexible business chequing accounts to suite your unique needs.

*Process and eligibility may be subject to change.

Program Details

CEBA is a program created by the Government of Canada in partnership with Export Development Canada (EDC) to provide small businesses access to capital to help them through the current challenges of COVID-19.

For more information about Government of Canada COVID-19 programs visit their website.

 

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