Canada Emergency Business Account (CEBA)

CEBA is a government-guaranteed loan of up to $40,000, interest-free until December 31, 2022, for qualifying businesses and non-profits that have been affected by COVID-19 to help them cover non-deferrable operating costs.

Eligibility

• Must be an operating company (not a holding company) registered in Canada
• Have an annual payroll between $20,000 and $1.5 million based on its 2019 T4SUM Summary of Remuneration Paid. Member can contact CRA to have them reissued to the business.
• Have KCU as their primary bank with good standing existing borrower
• Applicant must provide its business contact information, including an email address and phone number.
• As of June 26, 2020, businesses eligible for CEBA now include:
  • Owner-operated small businesses that do not have a payroll;
  • Sole proprietors receiving business income directly;
  • Family-owned corporations remunerating in the form of dividends rather than payroll.

How to apply 

CEBA application under Expanded Eligibility Criteria is open for members through online banking.

In case you don’t have online banking access then we will accept in person request at our branches.

Else, please call in to your respective branch on more information in filing CEBA Loan Application.

Submit your CEBA Application securely in easy steps:

Step 1: Login into online banking from your desktop browser (and not through KCU mobile app)

Step 2 : Go to 'Account services --> Canada Emergency Business Account (CEBA)’

Step 3: Fill up the CEBA Application and submit

Step 4: Receive CEBA Application confirmation on browser screen as well in your registered mail id.