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Canada Emergency Business Account

Learn more about the Canada Emergency Business Account (CEBA) for small businesses. 

The CEBA Application period for New $60,000 loans and $20,000 Expansions has now ended effective June 30th, 2021.

Applications submitted prior to the June 30th deadline will be processed provided required documents are uploaded within the permitted time frame.

Businesses that were declined for a $20,000 Expansion will be able to update information submitted on their original $40,000 loan. Invitations to update this information will be sent to eligible customers by email.

Please refer to https://ceba-cuec.ca/ for current program dates and details.

This page is for businesses with payroll less than or equal to $20,000, including businesses with no payroll in 2019. If your business has payroll expenses greater than $20,000 and less than $1,500,000, please follow the process found here.

Supporting our small business customers

On March 27, Prime Minister Trudeau announced the Canada Emergency Business Account (CEBA) to support businesses with non-deferrable expenses through this time. Scotiabank, together with other financial institutions has been consulted by the government on these measures, designing them specifically to help small business owners with their most pressing needs and position the economy for recovery.

On October 9, Prime Minister Trudeau announced an expansion of CEBA relief to increase support from $40,000 to $60,000, with up to $10,000 in additional forgiveness now totalling up to $20,000 in available forgiveness.

For qualifying small business customers, the CEBA program provides access to a $60,000 loan:

  • 0% interest until December 31, 2022.

  • Principal repayments can be voluntarily made at any time without fees or penalties.

  • Up to $10,000 loan forgiveness is available on eligible CEBA loans advanced for $40,000, provided $30,000 is paid back prior to December 31, 2022.

  • Up to $20,000 loan forgiveness is available on eligible CEBA loans advanced for $60,000, provided $40,000 is paid back prior to December 31, 2022.

  • If the balance is not paid by December 31, 2022, the remaining balance will be charged 5% annual interest, paid monthly, effective January 1, 2023.

  • The full balance must be repaid by no later than December 31, 2025.  


Note: For applications submitted up to and including June 30, 2021,  you will be notified by email once your CEBA application is verified and approved by the Government of Canada. The process is expected to take up to 15 business days.  Once approved, your new CEBA loan will be set up and then appear on your Scotia OnLine profile as a “ScotiaLine for business VISA”. Within 3 business days up to $60,000 will be deposited automatically into the business operating account you designate in the application.  

For more details on the CEBA program, including eligibility requirements, click here

Completing CEBA applications submitted prior to June 30, 2021 deadline

Step 1:
Please visit the CEBA document upload website https://application-demande.ceba-cuec.ca/ to upload supporting documents to evidence your non-deferable expenses for 2020.

Step 2: 
The Government of Canada will review your application, which can take up to 15 days, and will notify Scotiabank of their decision.  Once a decision is received by Scotiabank, we will notify you immediately by email to the address you provided. This may include any additional steps or information you should know.  

Additional relief measures for small business customers

Please contact your Small Business Advisor, Branch Manager, Agriculture Specialist or Healthcare & Professional Specialist, if your business is experiencing financial hardship as a result of COVID-19.

We will work with you, individually, to offer advice and assistance with liquidity and financial covenant relief.

For customers who were ineligible for CEBA, you may be able to benefit from government funding recently made available through the Regional Relief and Recovery Fund (RRRF). For more information on funding that may be available to you through your regional development agency, please visit here.

Canada Emergency Business Account FAQs