ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.
×
Business Loans

Canada Emergency Business Account (CEBA)

Apply now

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

If you are an ATB business or not-for-profit customer, and you've been impacted by COVID-19, you may be eligible to receive an interest-free loan of $40,000 through the Federal Government's Canada Emergency Business Account (CEBA).

The Government of Canada has notified us that they are experiencing a delay in processing CEBA applications. Please visit the CEBA Website for more information.

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

Put $40,000 where you need it

Use CEBA to cover non-deferrable operating expenses like payroll, rent, utilities, insurance and property tax.

Interest free

CEBA provides eligible businesses $40,000 at 0% interest until December 31, 2022. The remaining balance is then converted to a 3-year term loan at an interest rate of 5% per annum.

Loan forgiveness

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25% or $10,000.

Be ready: What you’ll need to apply

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. NOTE: Yahoo email accounts cannot receive our verification email--please use another email provider.
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

Our online CEBA application is now available. To protect your information, you will need to use your ATB Online Business banking credentials to log in and complete your application.

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 $40,000 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.

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent or $10,000.

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

To qualify, businesses 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 opened before March 1, 2020.
  • Have ATB Financial as your primary financial institution.
  • Not be delinquent on existing borrowing facilities for more than 90 days as of March 1, 2020.
  • 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.

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.

Processing delays: The federal government has advised that, as a result of updates to the CEBA verification process, the processing timeline for some applications is delayed beyond the 12 to 15 business days outlined in our application process. Thank you for your patience.

___________________________________________________________________________

With the expanded eligibility criteria, there will be two CEBA application streams:

Payroll Stream: For businesses with total employment income paid to employees in 2019 between $20,000 and $1,500,000.

Apply using our online application process. Once you complete your application, the Government of Canada will assess the application and inform ATB of the approval or decline of the loan. If approved, funds will be deposited directly into the account you identified. The full process will take 12 business days.

Non-Deferrable Expenses Stream: For businesses with total employment income paid to employees in 2019 of $20,000 or less and 2020 eligible non-deferrable expenses (subject to adjustments for support or subsidies under other Government of Canada COVID response programs) 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 your 2020 eligible non-deferrable expenses and to complete the application.

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.

 

If approved, 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.

Processing delays: The federal government has advised that, as a result of updates to the CEBA verification process, the processing timeline for some applications is delayed beyond the 12 to 15 business days outlined in our application process. Thank you for your patience.

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.

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.

According to the eligibility criteria outlined by the Government of Canada, businesses which choose to do their banking through a personal bank account are not eligible to apply for a CEBA loan.

Only Business chequing/operating accounts opened on or prior to March 1, 2020 and not in arrears on existing borrowing facilities, if applicable, with the Lender by 90 days or more as at March 1, 2020 are eligible for the CEBA Program.

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

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.

No, ATB is only providing CEBA loan funding for the full $40,000 to small businesses and not-for-profits.

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.

Yes, if eligible you can participate in both programs.

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.

Please note: we are aware of an issue where individuals with Yahoo email addresses are not able to receive our verification code email. If you used a Yahoo email address, you will need to change your email to a different (non-Yahoo) email address from the Email Verification page in order to proceed with the application.