​CANADA EMERGENCY BUSINESS ACCOUNT

CEBA


​The Canada Emergency Business Account (CEBA) provides interest-free loans of up to $60,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. This program has been implemented by banks and credit unions in collaboration with Export Development Canada.

For further details, please visit the Government of Canada website at https://ceba-cuec.ca/

Frequently Asked Questions

When does the CEBA program end?

The Canada Emergency Business Account program will end on December 31, 2020. Therefore, you must complete your CEBA application by this date. 

For further details, please visit the Government of Canada website at https://ceba-cuec.ca/

​I have accounts at multiple financial institutions. How do I determine where to apply?

Your business’s primary financial institution is the one where your business does the majority of its day-to-day banking, including employee payroll, supplier payments and collection of receivables using a POLCU Account. If Polish Credit Union isn’t where your business conducts its day-to-day banking, apply through the financial institution that holds your primary business account.

For further details, please visit the Government of Canada website at https://ceba-cuec.ca/

Can I apply from the Polish Credit Union Mobile Banking App?

No. To ensure fair and efficient access to all eligible business clients, all applications must be submitted online via Polish Credit Union Online Banking. Make sure that you register for Online Banking now to ensure you gain access to the loan as quickly as possible.