Canadian Emergency Business Account

CEBA

Applications for the Canada Emergency Business Account (CEBA) has ended as of June 30, 2021.

To check the status of your CEBA application contact the Government of Canada’s CEBA Call Centre at 1-888-324-4201 or visit the CEBA application online tool by clicking here. Current CEBA loan recipients are encouraged to check the program key dates outlined below. For questions regarding your business/commercial account with our credit union reach out to Kelly directly by email at kvincent@hscunl.ca or phone at 709-263-7220..

If you missed the application date but are still interested in financing solutions, we’re here to help! Reach out to Kelly directly by email at kvincent@hscunl.ca or phone at 709-263-7220.

For existing CEBA loan recipients, please note the following program deadlines:

  • November 30, 2021: Last date that you will be able to withdraw or transfer funds from your CEBA loan.

  • December 1, 2021: Your outstanding balance on your CEBA loan converts into a non-revolving term loan.

  • January 1, 2023: Interest applied on the balance of the term loan at the rate of 5% per annum. As a reminder, no interest applies on your CEBA loan before January 1, 2023.

  • Specific deadlines based on your CEBA application type:


Non-Deferrable Expense Applicants:

  • July 14, 2021: Deadline for all document submission.
  • September 3, 2021: Deadline for document resubmission.

For $20,000 Expansion Applicants Required to Submit Additional Information Related to Their Business Number:

  • August 20, 2021: Deadline to submit additional information related to your business number is August 20, 2021.
For $20,000 Expansion Applicants Required to Requalify Under the Non-Deferrable Expense Stream:

  • September 16, 2021: Deadline to submit initial document submission.
  • October 17, 2021: Deadline to resubmit document.

More general information about the program as well as frequently asked questions are available on Government of Canada CEBA page here.
 

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