Find out if you’re eligible and how to access this $40,000 loan, interest-free until December 31, 2022.

Coast Capital Savings is accepting applications for the Federal Government’s Canada Emergency Business Account (CEBA).

This program was developed in partnership and consultation with the federal government and Canadian financial institutions, all focused on bringing financial relief to the business community of Canada during this time of uncertainty.


Browse below to learn more about CEBA




Latest Updates

Last updated:

The Canada Emergency Business Account (CEBA) is now available to eligible businesses and non-profits regardless of when they opened their business chequing accounts. Information on how to apply is below.

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 5:00 am to 6:00 pm Pacific Time.

Upcoming Changes

The Government of Canada has announced further upcoming changes to CEBA that will make an additional $20,000 loan available to businesses that continue to be seriously impacted by the pandemic. The Government’s intention is to extend the program until December 31, 2020.

We are currently working with the Government as they determine further details and a launch date. Please continue to check this page for more information, which we will post as soon as it is available.



Program Details

Through the CEBA program, eligible businesses and non-profits can access*:

  • A $40,000 loan to help cover non-deferrable operating costs while their businesses are affected by COVID-19. The loan is interest-free until December 31, 2022.
  • If at least 75% of the loan balance is fully repaid by December 31, 2022, the remaining 25% ($10,000) may be forgiven.
  • If not repaid by December 31, 2022, the loan will be extended to December 31, 2025 at 5% interest.

Please note that the additional $20,000 CEBA loan announced in October is not available yet.



Program Details

Through the CEBA program, eligible businesses and non-profits can access*:

  • A $40,000 loan to help cover non-deferrable operating costs while their businesses are affected by COVID-19. The loan is interest-free until December 31, 2022.
  • If at least 75% of the loan balance is fully repaid by December 31, 2022, the remaining 25% ($10,000) may be forgiven.
  • If not repaid by December 31, 2022, the loan will be extended to December 31, 2025 at 5% interest.

Please note that the additional $20,000 CEBA loan announced in October is not available yet.

Eligibility Criteria

To be eligible, you must meet all of the criteria for the program set by the Government of Canada, as follows:

  • Your business is a sole proprietorship, partnership or a Canadian-controlled private corporation that was in operation in Canada on March 1, 2020;
  • The program includes non-profit organizations, registered charities, unions, or fraternal organizations or entities owned by such an organization if they are actively carrying on a business in Canada that earns revenue from the regular supply of property, goods or services;
  • You have a Canada Revenue Agency (CRA) Business Number (BN) with an effective registration date on or prior to March 1, 2020;
  • You will use the funds to pay Eligible Non-Deferrable Expenses (as defined in the FAQ below) incurred during 2020 or to be incurred in 2021;
  • You have an active business chequing/operating account with Coast Capital Savings;
  • You have not previously used CEBA or the COVID Indigenous SMEs Initiative and you are not applying for support under such programs at any other financial institution; and
  • You must make an attestation to confirm that you are a qualifying borrower and agree to participate in post-funding surveys and audits to confirm the accuracy of the contents of the attestation.

And either (Payroll Stream):

  • You have a CRA BN (15 digits), as reported at the top of your 2019 T4 Summary of Remuneration Paid (T4SUM);
  • Your total employment income paid in the 2019 calendar year was greater than $20,000 and less than $1,500,000;

Or (Eligible Non-Deferrable Expenses Stream):

  • Your total employment income paid in 2019 was $20,000 or less, or you had no employment income paid in 2019;
  • You have a CRA BN (9 digits);
  • You filed tax return(s) with the CRA for 2019 (or, if you have not yet submitted 2019 tax returns, for 2018);
  • In 2020, you are obligated to pay total incurred and projected Eligible Non-Deferrable Expenses (as defined in the FAQ below) between $40,000, net of any support or subsidies already received under other Government of Canada COVID response programs, and $1,500,000, including any subsidies already received under other Government of Canada COVID response programs. You will be required to submit documentation of these Eligible Non-Deferrable Expenses to the federal government.

Full details can be found on the CEBA Application form.

How to Apply



Please note that the additional $20,000 CEBA loan announced in October is not available yet.

Step 1: Find out if you are eligible

Visit the Government of Canada’s pre-screen tool to determine whether you are eligible for CEBA.

If you appear to be eligible based on the information you enter, you will receive an email confirmation with a pre-screen number.

Step 2: Open a business account

If you do not currently have a business chequing account with Coast Capital Savings, apply online to become a business member.

Step 3: Apply for CEBA

When you have a business chequing account with Coast Capital Savings, the fastest way to begin your application is through Coast Online Banking:

  1. Sign in to Online Banking
  2. In the menu, click CEBA Application under Products & Services
    Please note that the application is not available through our mobile app. If you do not use Coast Online Banking or are unable to locate the application through your online account, please apply here. If you have difficulty accessing that form, please contact your Small Business Relationship Manager for assistance.
    Please note, applications cannot be taken in-branch or by phone at this time.

Step 4: Submit documentation

Once we have received your application, we will notify you of next steps, which differ based on whether you are applying in the Payroll Stream or the Eligible Non-Deferrable Expenses Stream. You should expect to hear from us within five business days after we receive your application. We are expecting a high volume of requests for this program, and we appreciate your patience through this process.

Frequently Asked Questions

The first step is determine your eligibility for the program through the Government of Canada’s pre-screen tool.

If you do not have a Coast business account, you will then need apply online to become a business member.

Then, apply for CEBA through Coast, as outlined above.

If you are applying through the Payroll Stream (total employment income paid to employees in 2019 between $20,000 and $1.5 million):  We will forward your application to the Government of Canada for assessment and they will inform us whether your application has been approved or declined. We will then notify you of that decision and proceed to funding, if approved.

If you have applied through the Eligible Non-Deferrable Expenses Stream: Following your application, you will be directed to a CEBA website to provide supporting documentation of your 2020 Eligible Non-Deferrable Expenses, which is required for your application. We will forward your application to the Government of Canada, and they will assess it along with the documentation you have provided. They will inform us whether your application has been approved or declined. We will then notify you of that decision and proceed to funding, if approved.
If your application is approved, you should expect to receive funding within 12-18 business days of application and uploading of all supporting documents.

Eligible Non-Deferrable Expenses include payments for:

  • Wages and other employment expenses to independent (arm’s length) third parties
  • Rent or lease for real estate used for business purposes
  • Rent or lease for capital equipment used for business purposes
  • Insurance-related costs
  • Property taxes
  • Telephone and utilities (gas, oil, electricity, water and internet) for business purposes
  • Regularly scheduled debt service
  • Independent contractors
  • Fees required to maintain licenses, authorizations or permissions necessary to conduct business
  • Other expenses which may be added over time at https://application-demande.ceba-cuec.ca/

Other Government of Canada COVID response programs include:

  • Canada Emergency Wage Subsidy
  • 10% Temporary Wage Subsidy
  • Canada Emergency Commercial Rent Assistance
  • Regional Relief and Recovery Fund
  • Futurpreneur Canada
  • Northern Business Relief Fund
  • Fish Harvester Grant
  • Relief measures for Indigenous businesses
  • $250 million COVID-19 Industrial Research Assistance Program (IRAP) Subsidy Program

You will need electronic copies of receipts, invoices, or agreements that provide evidence of your 2020 Eligible Non-Deferrable Expenses. Accepted file formats are PDF, JPG, JPEG, TIFF, PNG, and GIF. If you have only a paper copy of a document, you can take a photograph and save it in one of the accepted formats, or use one of the many apps available that can convert an image into a PDF.  If you do make use of third party software you should investigate it to ensure that it is safe and secure.

Please note that the government’s document upload website does not presently work with the Internet Explorer browser. We are not currently aware of any plans to support Internet Explorer.  To access the site, you can use Chrome, Firefox, Edge or Safari. If you have any questions about the technical requirements for upload, please visit the government’s FAQ at https://ceba-cuec.ca/faq/.

You must complete the CEBA application by December 31, 2020, at the latest.

If you have applied through the Eligible Non-Deferrable Expenses stream, you must upload supporting documentation after completing the application with Coast Capital. It is recommended that you provide your supporting documents through the application-demande.ceba-cuec.ca site as soon as you are directed to do so by Coast Capital. 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.

Yes. These programs are independent of each other and you can still enrol in CEBA.
Yes. As of October 27, 2020, the Federal Government has made CEBA available to eligible businesses regardless whether they had a business account with a financial institution on March 1, 2020. If you determine that you are eligible for CEBA through the Government’s pre-screen tool, you will be required to open a business account before you can apply for CEBA.
The individual applying for and enrolling your organization in CEBA will need to have the authority to sign on behalf of and bind the organization to the terms of the CEBA loan agreement. If your organization currently requires consent of more than 1 director or officer to bind the organization, the organization is responsible for preparing and approving a resolution that allows the individual applying for the loan to be given this authority prior to submitting the application. We cannot accept multiple signatures.
Yes. Each business entity is able to enrol in CEBA, subject to each business individual meetings the eligibility requirements.

No. You can only enroll in CEBA once for your business, at your primary financial institution. Applying at more than one financial institution may result in legal prosecution by the federal government and you may be required to immediately repay any loans.

  • Businesses not meeting all eligibility criteria
  • Government organizations or bodies, or entities wholly owned by a government organization or body
  • Non-profit organizations, registered charities, unions, or fraternal organizations or entities owned by such organizations except entities that are actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property, goods or services
  • Entities owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada
  • Entities that promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws

Please carefully review the eligibility criteria. You will be required to attest that you meet all eligibility criteria and this is subject to verification and audit.

If you cannot access our online application through either Online Banking or the coastcapitalsavings.com/CEBAApplication link, please contact your Small Business Relationship Manager for assistance.  Please note, however, that applying online is the fastest way to get access to this program.

You are required to meet all eligibility criteria for the loan, as detailed in the application, including an acknowledgment that the funds from this loan will only be used to pay for non-deferrable operating expenses. In the application, you will be required to make an attestation that you meet these criteria, which is subject to verification and audit. All applications are subject to approval and funding availability through the CEBA program.

In addition, if you apply through the Eligible Non-Deferrable Expenses Stream, you will need to upload documentation of those expenses at a CEBA website before the government can process your application.

The CEBA eligibility criteria have been set by the federal government. For questions related to the government’s eligibility criteria, please visit https://ceba-cuec.ca, a website set up by Export Development Canada, the program’s administrator, for this purpose.

Given the unpredictability of the COVID-19 pandemic, it may make sense for you to hold on to your CEBA funds as a contingency, especially as the loan is interest-free until December 31, 2022. 

We have started to accept payments on CEBA loans as of September 1, 2020. If you would like to make payments on the loan, please reach out to your Small Business Relationship Manager.

The CEBA program provides for forgiveness of 25% of the loan if 75% of the original balance is paid on or before December 31, 2022.  To have $10,000 of your $40,000 loan forgiven, simply repay $30,000 on or before December 31, 2022.

* Terms and conditions apply. Applications subject to approval and to funding availability and eligibility criteria of the Canada Emergency Business Account program.