On October 9, 2020, the federal government announced an extension of the CEBA that will allow for an additional loan through the program. We are waiting for the details of this extension to provide this update to our members as soon as possible. If you have already applied for CEBA and have any questions, please contact the new government`s CEBA call centre at 1-888-324-4201 for a status update on your ceba application. The CEBA call center is open Monday to Friday from 5am to 6pm PST. Visit ceba-cuec.ca/ for more updates. Visit the government`s website verify-verifier.ceba-cuec.ca/ and complete the CEBA pre-screen tool to verify that you meet the CEBA admission requirements. Please enter all applicable information regarding your pay slip to ensure that you have all the information and documents necessary to complete the program authorization. Once completed, you will receive a unique confirmation number via email. Please note that this process does not guarantee that you will be admitted to the CEBA, but it does provide a good indication of your eligibility. The reference number of the CEBA pre-screen tool should be noted (print the email), as it is a necessary input field during the CEBA application process.

For customers interested in applying for the CEBA program or for information on Scotiabank`s small business assistance, please visit: www.scotiabank.com/ca/en/personal/scotia-support/business-banking.html $10,000 loan is available, provided $30,000 is available on May 31. The Business Canada Account is offered as ScotiaLine for Business VISA for Small Business. You can access your account through Scotia OnLine Banking or the Scotia Mobile Banking app. These loans are publicly funded, interest-free (if repaid before December 31, 2022) and are provided through financial institutions in collaboration with Export Development Canada (EDC). Your application for eligibility is examined and submitted to the Confederation for funding. This whole process takes up to 15 business days from the date of your deposit. After authorization, you will receive a confirmation email from Vancity and the loan will be deposited into your existing business account. Once your application is filed, Export Development Canada (EDC) will assess it and inform your financial institution of the approval or refusal of the loan. If approved, your financial institution will provide you with the funds directly to your business/operating chequing account….

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