**The Government of Canada has expanded the eligibility criteria. Application deadline is March 31, 2021***
As of December 4, 2020, CEBA loans for eligible businesses will increase from $40,000 to $60,000.Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in financing.All applicants have until March 31, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion. We are pleased to be able to assist our members in accessing CEBA. The application is now available through our online banking portal (not through the mobile app).
> Learn More and Assess your Eligibility
> Prepare and Apply Today:
- Confirm you are able to log into SCCU online banking
- (the applicant must be an authorized signer AND have the ability to bind the company)
- Confirm you have the 2019 Statement of Remuneration (T4SUM) for the business
- Confirm you have your 15 digit CRA business number (located on your T4SUM)
- Confirm your payroll expenses meet the requirements noted below (the sum of Box 14 and Box 71)
- For the Non-Deffrable Expense Stream, prepare to upload your documents to CEBA Government site after submitting your application: Bills / invoices / agreements that prove greater than $40,000 CAD in 2020 Eligible Non-Deferrable Expenses. Upload HERE.
Once you have submitted your application, please expect an email within 1-2 business days, confirming that your application has been received and is in progress. Should all the qualification criteria be satisfied, you will receive a request from e-Sign to sign the loan document within 4-6 business days. The funds will be deposited to your account within 1 business day after we receive confirmation of signing.
Questions? Need access to online banking? Unsure of your eligibility? Please connect with us: commerciallendingunit@sunshineccu.net or 604.740.2662.
Apply Now