CEBA information

Canada Emergency Business Account (CEBA) Application Form

NOTE: The CEBA Program was closed to new applicants on July 1, 2021.

The Canada Emergency Business Account (CEBA) program is available to businesses that meet the eligibility criteria set out below. Subject to the ongoing availability of government funding, up to $40,000
is available to businesses to help cover operating costs.


  • a loan of up to $40,000 interest-free government guaranteed to help you pay for operating costs that you are not able to defer as a result of COVID-19. The loan will be interest-free until December 31, 2022.
  • up to $10,000 (25%) of the $40,000 loan is eligible for complete forgiveness if $30,000 is fully repaid on or before December 31, 2022.
  • if the loan is not repaid by December 31, 2022, it will be converted into a 3-year term loan, bearing an interest rate of 5% per annum.
  • the outstanding principal of the loan must be fully repaid by December 31, 2025.
  • Kingston Community Credit Union will not process any repayment of CEBA loans until January 1, 2021.

Frequently Asked Questions About CEBA

Q: Can I enroll at more than one financial institution? I am a sole proprietor and I only have a Kingston Community Credit Union personal chequing account.

A: No. Businesses must enroll for the Canada Emergency Business Account at their primary financial institution where they have an existing business banking account, and they cannot apply at more than one financial institution. The Canada Emergency Business Account is only available to businesses registered on or before March 1, 2020. Further information is available at the Government of Canada‚Äôs COVID-19 Economic Response Plan site: (

Q: If I have accounts at multiple financial institutions, how do I determine where to apply?

A: Your 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. If you do not use your Kingston Community Credit Union account for these functions, you need to apply at the financial institution where this business account is held.

Q: My business requires the consent of more than one director or officer to bind my organization. Can I still apply?

A: Yes. Please note the program does allow your business to complete the agreement with the consent and attestation of only one signing officer who has the authority to bind the organization.

Q: If I am currently benefiting from other government COVID-relief offerings can I apply for the CEBA?

A: Yes, businesses may apply for other programs providing they meet qualifications.

Q: What if I have multiple businesses? Can I enroll under each business for CEBA?

A: Each business entity may enroll for CEBA, providing that they individually meet the eligibility criteria. You will need to complete an application for each business.

Q: Who do I contact if I do not qualify for the loan?

A: Export Development Canada is the administrator of the government's ( website.

For more information, please email:

Please be aware there are severe penalties for making false statements and the information provided will be audited by the government and the CRA (Revenue Canada).