**The Government of Canada has expanded the eligibility criteria for the Canada Emergency Business Account (CEBA) to include many owner-operated small businesses. More information coming soon!**
Up to $40,000 in interest free lending for organizations that can demonstrate $20,000 to $1.5 million in payroll in 2019. Repayment by December 31 2022 will result in loan forgivenessof 25% (up to $10,000). 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)
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.