Commercial Business Banking relief

Supporting commercial businesses in our community

Get access to the latest relief measures for commercial businesses.

Canada Emergency Business Account (CEBA)

Find out more about the limited-time, interest-free loan for commercial businesses, including eligibility criteria and how to apply.

Learn more Learn more about Canada Emergency Business Account (CEBA)

Export Development Canada (EDC) Business Credit Availability Program (BCAP)

The EDC BCAP provides qualifying Scotiabank or Roynat clients access to a maximum 364-day operating credit or cash flow term loan (with possibility to renew for an additional 364 days) of up to $6,250,000.

Learn more Learn more about Export Development Canada (EDC) Business Credit Availability Program (BCAP)

The Business Development Bank of Canada Business Credit Availability Program

The BDC BCAP program provides access to a non-revolving amortizing term loan of up to $6,250,000. The program is intended to support bridging businesses’ operating expenses (i.e., payroll, rent, utilities, taxes and other fixed costs), until cash flows resume back to pre-COVID conditions.

Learn more Learn more about The Business Development Bank of Canada (BDC) Co-Lending Facility – coming soon

Direct Deposit for Canada Emergency Wage Subsidy (CEWS)

Direct deposit is a fast, secure and convenient way to receive your Canada Emergency Wage Subsidy payments. Using Scotia OnLine, mobile banking or ScotiaConnect you can quickly enrol your eligible business account for direct deposit in a few easy steps.

Learn more Learn more about Set up direct deposit

Commercial Business Banking FAQs

If your business experiences a hardship due to COVID-19, you may be eligible to qualify for additional relief measures. Please contact Agriculture Relationship Manager, Healthcare & Professional Specialist, Commercial Automotive Finance Relationship Manager or Business Banking Relationship Manager.

As the situation evolves rapidly, we will be adjusting our hours. In some cases, there may be a need for us to close some of our branches. If a branch is required to be temporarily closed, we will post a sign on the door informing our customers and we will update our branch locator regularly.

You can complete your business banking needs with the following options available: 

  • Access to ScotiaConnect online allows businesses of all sizes to:

    - View detailed balance and transaction reports

    - Customize access according to your employees’ needs

    - Transfer funds, pay employees, bills and government taxes

    - Send and receive wire payments around the world

    - Deposit cheques and view Cheque Image Statements

    - Upload and download payment files

  • Access to ScotiaConnect through our Mobile Banking for Business app available in the App Store or Google Play allows businesses to view balances and transactions, approve and submit payments, transfer funds between accounts and make bill payments.

  • Download the Digital Token app available in the App Store or Google Play to your smartphone. Use the token number with your username and password to securely access ScotiaConnect or Mobile Banking for Business.

  • Access to TRADEXPRESS Elite Plus allows buyers and sellers easy access to our full range of trade finance solutions including import and export letters of credit, standby letters of credit, letters of guarantee, and direct collections.

  • Visit Scotia OnLine to complete many of your everyday and small business banking needs through Scotia online banking and our Scotia mobile banking app available in the App Store or Google Play.

  • Access to Scotia Dealer Link (SDL) allows Automotive Finance Dealerships to:

    - View details of current inventory

    - Payout and chattel vehicles

    - View reports to help manage inventory

    - Manage bulk pre-payments

At this time, all merchants are accepting credit and debit and our ABMs will continue to operate as normal. We are continuing to monitor the situation as needed to ensure that you are able to withdraw cash if you need it.