CEBA – Now Available!

Update on CEBA (Canada Emergency Business Account)
UPDATE: August 31, 2020

On August 31, 2020, the Government of Canada announced that the Canadian Emergency Business Account (CEBA) offering was extended. Please refer to the below details and some FAQ’s provided. The lending team at Churchbridge Credit Union is also available to answer your questions as you go through the process. Please click HERE to apply for your CEBA loan.

CEBA has been extended to October 31, 2020, making the program accessible longer to Canadians. If you have already applied for a CEBA loan and have questions, please contact the new CEBA Call Centre at 1-888-324-4201 for a status of your application. The Call Centre is open Monday to Friday from 8:00 am to 9:00 pm EST.

FAQ: Is there a deadline for completing an application at my primary financial institution and for uploading supporting documents?

You must complete the CEBA application at your primary financial institution by latest October 31st, 2020.After completing the application with your financial institution, you must upload supporting documentation.It is recommended that you provide your supporting documents through the site as soon as you are directed to do so by your financial institution.Supporting documentation is a critical part of the application processes and delays in providing this information can result in a delay in the pre-funding eligibility validation and funding process.

Update on CEBA (Canada Emergency Business Account)
UPDATE: July 27, 2020

The online application is now open and available for those businesses that would like to apply for the CEBA loan under the new criteria announced on June 26, 2020 by the Government of Canada. These applications can only be done using the link provided. Please be aware that the approval process for this new criteria is longer than the original process. You may also be required to provide supporting information during the application process.

The lending team at Churchbridge Credit Union will help where they can and are available to answer your questions as you go through the process. Please click HERE to apply for your CEBA loan.

Please call 1-877-890-2797, text 306-400-5718, or email with any questions you may have.

Update on CEBA (Canada Emergency Business Account)
UPDATE: July 15, 2020

As of June 26, 2020, the Government of Canada expanded the eligibility criteria for the Canada Emergency Business Account (“CEBA”) The initial rollout, where businesses only qualified with 2019 payroll between $20,000 and $1,500,000 has now been expanded to include small businesses.

In addition, businesses with a 2019 payroll of $20,000 or less and eligible 2020 estimated non-deferrable expenses between $40,000 and $1,500,000 can now apply for CEBA. Under these expanded government criteria, businesses such as sole proprietors, businesses that employ contractors, and family-owned businesses that pay employees through dividends, among others, may now be eligible for CEBA.

Churchbridge Credit Union will be able to offer this new CEBA soon. So please stay tuned for all the details. You can also check out the government web-site for more details by clicking here;

In the meantime, if you feel your business will be eligible under this new criteria; let us know so we can contact you once it is ready. We are hoping this will be ready by the week of July 20.

The CEBA Application is now available online through Online Banking – Apply Now for Financial Support

The Canada Emergency Business Account (CEBA) application is now available through Churchbridge Credit Union. Members can access the Online Application by clicking HERE.

If you do not have Online Banking, or require assistance with the application, please contact your Loans Officer directly, or call us at 1-877-890-2797. We are here to help.