Business Loans

Canada Emergency Business Account (CEBA)

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COVID Relief: Access to credit for ATB business and not-for-profit customers

The federal government’s expanded CEBA program offering $20,000 in additional financing for existing CEBA recipients and $60,000 for eligible new applicants is now available. 

We recommend new applicants for the $60,000 loan use the government’s CEBA Pre-Screen Tool before completing an online application to determine if you’re likely to qualify.

Interest-free financing to help with operating costs when revenues are down

$60,000 for new CEBA applicants

Eligible businesses and not-for-profits can use CEBA to cover non-deferrable operating expenses like payroll, rent, utilities, insurance, and property tax.

$20,000 expansion for CEBA recipients of $40,000 free

The CEBA expansion offers more support to recipients of the $40,000 loan. Use the online application to apply for the additional $20,000--the process is quick and easy.

Interest free until December 31, 2022

Eligible businesses and not-for-profits receive up to $60,000 at 0% interest until December 31, 2022. The remaining balance is then converted to a 3-year term loan with interest of 5% per annum.

Up to $20,000 loan forgiveness

Repaying $30,000 of a $40,000 CEBA loan by December 31, 2022 can result in loan forgiveness of $10,000. Repaying $40,000 of a $60,000 CEBA loan by this date can result in loan forgiveness of $20,000.

Be ready: What you’ll need to apply

ATB business operating account You need an ATB business operating account to be eligible.
ATB Online Business
banking credentials
To protect your information, you will need to use your ATB Online Business banking credentials to log in and complete your application.
Email Address To provide you with updates on the status of your application, you will need to provide a valid email address.
Business name You’ll need the legal and operating names of your business.
15-digit Canada Revenue Agency (CRA) Business Number This is a unique number the CRA assigned to each business. You can find this at the top of your 2019 T4 Summary of Remuneration Paid (T4SUM).
Total employment income
OR
Non-deferrable expense
Your Total Employment Income is the sum of all employment income reported in Box 14 of the 2019 T4SUM and all employment income reported in Box 71 of T4 statements issued to all employees for 2019. This amount must be between $20,000 and $1,500,000.
OR
If your 2019 total employment income paid is less than $20,000, you must have eligible non-deferrable expenses for 2020 between $40,000 and $1,500,000. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance.
ATB transit and account numbers If you're eligible, funds will be deposited into this account. Learn how to find your transit and account number.
Authority to attest on
behalf of your organization
The person applying on behalf of your business must have the authority to attest and bind your business to the CEBA terms.

Submit Your CEBA Application

Approved applications for CEBA loans will be funded within 12-15 business days of applying and submitting required supporting documents.

Frequently Asked Questions

To ensure that small businesses have access to the capital they need to see them through the current challenges, the Government of Canada has launched the new Canada Emergency Business Account, which has been implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).

This program provides interest-free loans of up to $60,000 to small businesses and not-for-profit companies, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus. This will better position them to quickly return to providing services to their communities and creating employment.

The original CEBA program introduced by the Government of Canada in April 2020 offered applicants $40,000 in funding. On Oct 9, 2020, the federal government announced enhanced support for small businesses and not-for-profits eligible for CEBA loans—and that continue to be seriously impacted by the pandemic— by offering $20,000 in additional financing for existing CEBA recipients and $60,000 for new applicants.

Existing recipients of the $40,000 CEBA loan are able to apply online for the $20,000 CEBA expansion until March 31, 2021. Approval for the $20,000 expansion will not be considered a new loan, but an addition to your existing CEBA loan. Eligible new CEBA applicants will automatically receive the increased $60,000 CEBA loan.

Repaying $30,000 of a $40,000 CEBA loan on or before December 31, 2022 can result in loan forgiveness of $10,000 (25%). Repaying $40,000 of a $60,000 CEBA loan on or before December 31, 2022 may result in loan forgiveness of $20,000 (33%).

For information on the CEBA program visit the Government of Canada’s CEBA Questions website.

On October 9, 2020, the Government of Canada announced enhanced support for small businesses and not-for-profits eligible for CEBA loans—and that continue to be seriously impacted by the pandemic— by offering $20,000 in additional financing for existing CEBA recipients and $60,000 for new applicants. This means customers with an existing $40,000 CEBA loan are now able to apply for the $20,000 CEBA expansion. Eligible new CEBA applicants will now automatically receive the increased $60,000 funding.

You must complete your CEBA application by March 31, 2021. After completing your application, you must upload supporting documentation. 

Learn more about the Government of Canada's CEBA program, including application requirements and deadlines. 

To qualify for a new $60,000 CEBA loan, businesses or not-for-profits will need to meet the following requirements:

  • Be a Canadian operating business in operation as of March 1, 2020.
  • Have a federal tax registration and have filed a 2018 or 2019 tax return.
  • Demonstrate it paid between $20,000 to $1.5 million in total payroll in the 2019 calendar year, or demonstrate it has eligible non-deferrable expenses in 2020 between $40,000 and $1.5 million.
  • Have an active business chequing/operating account with ATB Financial.
  • Have ATB Financial as your primary financial institution.
  • Have not previously used or applied for CEBA at any other financial institution.
  • Have intentions to continue to operate or resume business operations.
  • Agrees to participate in post-funding surveys conducted by the Government of Canada or any of its agents.

To qualify for the $20,000 CEBA expansion loan, you need to have been approved and received funding for the $40,000 CEBA loan and be considered in ‘good standing’ (in other words, your existing loan is not in default, you have not experienced a cessation event such as bankruptcy, and you continue to hold a current and valid business account with ATB).

The eligibility criteria is provided to us by the Government of Canada and cannot be adjusted by ATB Financial. For information on the CEBA program visit the Government of Canada’s CEBA Questions website.

With the expanded eligibility criteria, there are three application streams. Please ensure you select the stream that pertains to your business when applying for your CEBA loan or expansion.

Payroll Stream: for businesses applying for a $60,000 CEBA loan with total employment income paid to employees in 2019 between $20,000 and $1,500,000.

Apply using our online application process. Once submitted, the Government of Canada will assess it and inform ATB if it’s approved or declined. If approved, funds will be deposited directly into the account you provided. The full process will take 12 business days.

Non-Deferrable Expenses Stream: for businesses applying for a $60,000 CEBA loan with total employment income paid to employees in 2019 of $20,000 or less and 2020 Eligible Non-Deferrable Expenses between $40,000 and $1,500,000.

CEBA applications submitted under the 2020 Eligible Non-Deferrable Expenses Stream will follow a two-step process:

Step 1: Apply using our online application process  

Step 2: Once you submit your application through the ATB online process, you will be directed to a CEBA website to provide supporting documentation of the 2020 Eligible Non-Deferrable Expenses.

The Government of Canada will assess application information submitted through ATB’s online application in Step 1 together with the supporting documentation and information you provide in Step 2. If approved, funds will be deposited directly into the account you provided. The full process will take 15 business days.

CEBA Expansion Stream: for businesses who applied for and received a $40,000 CEBA loan. 

Apply using our online application process . Once submitted, the Government of Canada will assess it and inform ATB  if it’s approved or declined. If approved, funds will be deposited directly into the account you provided. The full process will take 15 business days.

If approved for a $60,000 CEBA loan or $20,000 CEBA expansion loan, you should expect to receive funding within 12 to 15 business days after you submit your completed application form and upload all necessary supporting documents.

Applicants can now check the status of their CEBA application online at the CEBA Application Status Website. Please wait at least 5 business days after submitting your application before checking your status.

If your application is declined, the CEBA Application Status Website will provide more detailed information on decline reasons and will offer solutions to fix issues which led to a decline.

Alternatively, you are also able to contact the federal government’s CEBA Call Centre at 1-888-324-4201. The CEBA Call Centre is open Monday to Friday from 8 am to 9 pm EST (that’s 6 am to 7 pm in Alberta).

To apply under the Non-Deferrable Expenses Stream you will need three main pieces of information to complete the application:

  1. The name of the financial institution where you submitted your application
  2. Your 9-digit business number (same number you used in your application with your financial institution)
  3. Electronic or paper copies of receipts / invoices / agreements to be uploaded as evidence of your 2020 eligible non-deferrable expenses.

For information on the CEBA program, visit the Government of Canada’s CEBA Questions site.

The following situations would result in the need to cancel your existing application:

  • If you have already submitted an application that has yet to be approved and decide you no longer wish to apply for CEBA, reach out to the team member you usually deal with or contact us here to cancel your application.
  • If you made an error when entering business information (e.g., legal business name, registered trade name, business number, payroll number, reported income amount, and/or tax filing details). In this situation, your application will be declined and cancelled and you will be notified by ATB of the issue, provided with more information on the nature of the error and advised to reapply with corrected information.
  • If you applied under the incorrect approval stream (e.g., applied under the non-deferrable expense stream, but are looking to qualify under the payroll stream).  In this situation, your application will be declined and cancelled and you will be notified by ATB of the issue, provided with more information on the nature of the error and advised to reapply with corrected information.

Please note if you receive an email from ATB notifying you of an issue with the required documents to support the application, there is no need to cancel your application. More specifically, the email will provide more detail on the nature of the issue (e.g., document not uploaded, document uploaded is unreadable, document uploaded is not valid and/or the sum of the expenses within the uploaded document is not within the eligible range). To correct this, you simply need to double check your non-deferrable expense documents and then upload/reupload all of your documents on the CEBA document upload site

Per the requirements of the CEBA program, as set out by the Government of Canada, each business must confirm:

  1. It is not a government organization or body, or an entity owned by a government organization or body;
  2. It is not a union, charitable, religious or fraternal organization or entity owned by such an organization or if it is, it is a registered T2 or T3010 corporation that generates a portion of its revenue from the sales of goods or services;
  3. It is not an entity owned by individual(s) holding political office; and
  4. It does not promote violence, incite hatred or discriminate on the basis of sex, gender, sexual orientation, race, ethnicity, religion, culture, region, education, age or mental or physical disability.

The eligibility criteria is provided to us by the Government of Canada and cannot be adjusted by ATB Financial. For information on the CEBA program visit the Government of Canada’s CEBA Questions website.

The funds from this loan can only be used to pay non-deferrable operating expenses of the business including payroll, rent, utilities, insurance, and property tax. The funds may not be used to cover any payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation.

For information on the CEBA program visit the Government of Canada’s CEBA Questions website.

No, applications are only being received through our online application process, which will require you to log in with your online business banking credentials.

Once your application for the Canada Emergency Business Account has been submitted, ATB team members are not able to provide updates on the status of your application.

Fill out this form to start setting up your ATB Online Business banking profile. An ATB team member will be in touch shortly to finish the process.

On August 31, 2020 the Government of Canada announced it was working to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that had so far been unable to apply due to not operating from a business banking account. If this situation applies to you, you are now able to apply for CEBA once you have opened an ATB business operating account.

Contact the Canada Revenue Agency (CRA) if you require a copy of your 2019 Summary of Remuneration Paid. Call the CRA Business Enquiries Line at 1-800-959-5525, Monday to Friday between the hours of 9am-6pm (local time).

Your Total Employment Income paid is the sum of all employment income reported in Box 14 of the 2019 T4SUM and all employment income reported in Box 71 of T4 statements issued to all employees for 2019. This amount must be between $20,000 and $1,500,000.

Employment income reported in Box 71 on all employee T4 slips for 2019 represents tax-exempt employment income paid under the Indian Act.

Yes, each business that meets the eligibility criteria may apply for the CEBA, provided you have separate CRA Business Numbers for each business.

To submit multiple applications using our online CEBA application you will need to:

  • Complete the login and application process for the first company.
  • Once the application has been submitted, you can begin the next application from the Confirmation page without having to exit and login again. 
  • Simply click on the Products  tab located in the menu bar at the top of the screen next to the ATB logo.
  • From the Products page, select CEBA as the product and click Start Application to begin.
  • You can repeat these steps for as many companies as you have separate CRA Business Numbers for.

CEBA is an interest-free loan until December 31, 2022. Beginning on January 1, 2023, interest will accrue on the balance of the 3 year term loan at the rate of 5% per annum.

If you entered the incorrect email address and never received a verification code, you can edit your email address from the Email Confirmation screen in the application.

For other errors in your application you will need to cancel your old application in order to amend it. Once cancelled, you can start a new application and reapply.

To launch a new application simply click on the Products tab located in the menu bar at the top of the screen next to the ATB logo. From the Products page, select CEBA as the product and click Start Application to begin again.

  • Double check that your email address was entered correctly. If there is an error in your email you can edit it to fix the error and a new verification code email will be sent to the updated email address.
  • If your email was entered correctly, our verification code email might be sitting in your junk or spam folder. Check these folders for an email from ATB Financial. Alternatively, you can click the link on the Email Verification page to "request a new one".
    • If this works and you find or receive the verification code, you can enter it into the system to proceed with your CEBA application.
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