Logo

Logo

Loan application – Canada Emergency Business Account

Before getting started

In response to the challenges caused by COVID-19, the federal government established the Canada Emergency Business Account. This program allows eligible businesses to obtain an emergency loan with National Bank in the amount of $40,000. The loan is interest-free until December 31, 2022, and if $30,000 is reimbursed by said date, you will be entitled to a $10,000 exemption.

Total payroll is calculated by adding the amounts shown in box 14 of each of your T4 Summary (T4SUM) forms for 2019. If applicable, add the sum of all Indian Act tax-exempt salaries shown in box 71 of each employee’s T4 for 2019. If you paid no salaries in 2019, select the option $20,000 or less, or $0.

Incorporated businesses, also known as corporations or legal persons, include Canadian-controlled private companies (CCPC).

Unincorporated businesses include sole proprietorships and partnerships.

You will find these terms in the federal government certification at the end of this form.

Consult the eligibility criteria

To be eligible for the emergency loan, your business must:

  • Have paid a total of $20,000 or less in salaries or no salaries in 2019.
  • Have an active business current account in Canadian dollars with National Bank of Canada, which is the business’s main financial institution. The account must have been opened on or prior to March 1, 2020. 
  • Not have been in arrears on existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020.
  • Have, as of March 1, 2020, total incurred and projected eligible non-deferrable expenses that the business is legally or contractually obligated to pay in the year 2020 (including eligible non-deferrable expenses that have actually been paid from and after January 1, 2020) of more than $40,000 net of excluded benefits and less than $1,500,000 including excluded benefits.

If the request is for a partnership, the request must be made by one of the partners.

Borrower eligibility criteria

  1. Is a business that is a sole proprietorship, partnership, or a Canadian-controlled private corporation (“CCPC”) that was in operation in Canada on March 1, 2020.
  2. Have a business number (BN) with the Canada Revenue Agency (CRA).
  3. Have paid a total of $20,000 or less in salaries or no salaries in 2019.
  4. Have, as of March 1, 2020, total incurred and projected eligible non-deferrable expenses that the business is legally or contractually obligated to pay in the year 2020 (including eligible non-deferrable expenses that have actually been paid from and after January 1, 2020) of more than $40,000 net of excluded benefits and less than $1,500,000 including excluded benefits. Expenses could include, for example, rent, property taxes, utilities and insurance. The excluded benefits could include, for example, Canada Emergency Wage Subsidy, 10% Temporary Wage Subsidy, Canada Emergency Commercial Rent Assistance, Regional Relief and Recovery Fund, etc. For the official list, go to: https://application-demande.ceba-cuec.ca/ 
  5. Have an active business current account in Canadian dollars with National Bank of Canada, which is its primary financial institution. This account was opened on or prior to March 1, 2020. 
  6. Was not in arrears on existing borrowing facilities, if applicable, with National Bank by 90 days or more as at March 1, 2020.   
  7. Has never used the Canada Emergency Business Account Program or the Indigenous SME Initiative in response to COVID-19, and will not apply for support under the Program at any other financial institution or for support under the COVID Indigenous SMEs Initiative. 
  8. If the request is for a partnership, the request must be made by one of the partners.
  9. After submitting your application: 
  • It is mandatory that you submit supporting documents for your eligible expenses no later than September 30, 2020, on the government website: https://application-demande.ceba-cuec.ca/. (Please note that the sooner your documents are filed, the faster your application can be processed.) 
  • You will find the complete procedure and list of eligible expenses on the government website. 
  • You will need your National Bank institution number (006) and your Business Number (9 digits, as registered with the Canada Revenue Agency).

     10. Must not:

  • be a government organization or body, or an entity wholly owned by a government organization or body; 
  • be a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services; 
  • be an entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada; and
  • promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.

What you’ll need

  • Your most recent income tax and benefit return statement (T1 for the year 2019, or 2018 if tax returns for 2019 have not yet been submitted).
  • Your National Bank business current account number. If accepted, the loan will be deposited into this account.

Once your form is submitted, you will be required to submit supporting documentation for your eligible expenses on the government website by September 30, 2020. (Please note that this step is mandatory and therefore, the sooner your documents are submitted, the faster your applicated can be processed.) This procedure will be explained to you in the acknowledgement of receipt of your application.

Download the terms and conditions of the loan if you would like to have them reviewed by an advisor.

If you have any questions about the program, write to us at support_CEBA@nbc.ca.

Consult the eligibility criteria

To be eligible for the emergency loan, your business must: 

  • Have paid a total of $20,000 or less in salaries or no salaries in 2019. 
  • Have an active business current account in Canadian dollars with National Bank of Canada, which is the business’s main financial institution. The account must have been opened on or prior to March 1, 2020. 
  • Not have been in arrears on existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020. 
  • Have, as of March 1, 2020, total incurred and projected eligible non-deferrable expenses that the business is legally or contractually obligated to pay in the year 2020 (including eligible non-deferrable expenses that have actually been paid from and after January 1, 2020) of more than $40,000 net of excluded benefits and less than $1,500,000 including excluded benefits.

Borrower eligibility criteria

  1. Is a business that is a sole proprietorship, partnership, or a Canadian-controlled private  corporation (“CCPC”) that was in operation in Canada on March 1, 2020.
  2. Have a business number (BN) with the Canada Revenue Agency (CRA).
  3. Have paid a total of $20,000 or less in salaries or no salaries in 2019.
  4. Have, as of March 1, 2020, total incurred and projected eligible non-deferrable expenses that the business is legally or contractually obligated to pay in the year 2020 (including eligible non-deferrable expenses that have actually been paid from and after January 1, 2020) of more than $40,000 net of excluded benefits and less than $1,500,000 including excluded benefits. Expenses could include, for example, rent, property taxes, utilities and insurance. The excluded benefits could include, for example, Canada Emergency Wage Subsidy, 10% Temporary Wage Subsidy, Canada Emergency Commercial Rent Assistance, Regional Relief and Recovery Fund, etc. For the official list, go to: https://application-demande.ceba-cuec.ca/ 
  5.  Have an active business current account in Canadian dollars with National Bank of Canada, which is its primary financial institution. This account was opened on or prior to March 1, 2020. 
  6.  Was not in arrears on existing borrowing facilities, if applicable, with National Bank by 90 days or more as at March 1, 2020.   
  7. Has never used the Canada Emergency Business Account Program or the Indigenous SME Initiative in response to COVID-19, and will not apply for support under the Program at any other financial institution or for support under the COVID Indigenous SMEs Initiative. 
  8. After submitting your application: 
  • It is mandatory that you submit supporting documents for your eligible expenses no later than September 30, 2020, on the government website: https://application-demande.ceba-cuec.ca/. (Please note that the sooner your documents are filed, the faster your application can be processed.) 
  • You will find the complete procedure and list of eligible expenses on the government website. 
  • You will need your National Bank institution number (006) and your Business Number (9 digits, as registered with the Canada Revenue Agency).

      9. Must not:

  • be a government organization or body, or an entity wholly owned by a government organization or body; 
  • be a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services; 
  • be an entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada; and
  • promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.

What you’ll need

  • Your business’s T2 statement for 2019 (or if tax returns for 2019 have not yet been submitted, 2018).
  • Your National Bank business current account number. If accepted, the loan will be deposited into this account.

Download the terms and conditions of the loan if you would like to have them reviewed by an advisor.

If you have any questions about the program, , write to us at support_CEBA@nbc.ca.

Consult the eligibility criteria

To be eligible for the emergency loan, your business must:

  • Have paid a total of salaries greater than $20,000 and less than $1,500,000 in 2019.
  •  Have an active business current account in Canadian dollars with National Bank of Canada, which is the business’s main financial institution. The account must have been opened on or prior to March 1, 2020.
  • Not have been in arrears on its existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020.

Borrower eligibility criteria

  1. Is a business that is a sole proprietorship, partnership, or a Canadian-controlled private corporation (“CCPC”) that was in operation in Canada on March 1, 2020.
  2. Have a Business Number (BN) with the Canada Revenue Agency (CRA).  
  3. Have paid a total of salaries greater than $20,000 and less than $1,500,000 in the 2019 calendar year.
  4. Have an active business current account in Canadian dollars with National Bank of Canada, which is its primary financial institution. This account was opened on or prior to March 1, 2020.
  5. Was not in arrears on existing borrowing facilities, if applicable, with National Bank by 90 days or more as at March 1, 2020.
  6. Has not previously used the Canada Emergency Business Account Program or the Indigenous SME Initiative in response to COVID-19, and will not apply for support under the Program at any other financial institution or for support under the COVID Indigenous SMEs Initiative
  7.  Must not:
  • be a government organization or body, or an entity wholly owned by a government organization or body; 
  • be a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services;
  • be an entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada; and 
  • promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.

What you’ll need

  • Your business’s T4 Summary for 2019.
  • Your National Bank business current account number. If accepted, the loan will be deposited into this account.

Download the terms and conditions of the loan if you would like to have them reviewed by an advisor.

If you have any questions about the program, write to us at support_CEBA@nbc.ca.

About you

The person making this request must have the power and authority to bind the business to this loan.

A partnership is an association or relationship between two or more individuals, corporations, trusts, or partnerships that join together to carry on a trade or business. The partnership is bound by the actions of any member of the partnership, as long as these are within the usual scope of the operations. 

About your business

Enter the contact information you already use to communicate with us. We will be able to identify you more quickly.

The legal name is the name you used to register your business.

For a corporation, the legal name is the name that appears in the articles of incorporation and is written on contracts and invoices. It can be a chosen name (i.e. John Enterprises inc.) or a numerical designation given by the Registraire des Entreprises (i.e. 1234-5678 Quebec Inc.).

For a sole proprietorship operated by an individual, the legal name of the business is made up of the owner’s first and last names (i.e. John Smith).

For a sole proprietorship, enter the legal name of the individual as it appears on the CRA’s Business Register.

For a Canadian-controlled private corporation (CCPC), enter the name of the corporation as it appears in the corporate registry (federal or provincial) governing it.

 

The trade name is the name by which the business’s activities are known to the public.

Address  

National Bank business current account

Enter an active business current account number:

  • That was opened on or prior to March 1, 2020
  • And where the $40,000 loan should be deposited (if accepted)

Where to find these numbers?

Cheque

Internet Banking Solutions

Where to find this number?

Cheque

Internet Banking Solutions

Tax information

Information required to submit your loan application to the government.

Your employer account number is shown at the top of your 2019 T4 Summary and is 15 characters long. 

If you also paid salaries exempt from tax under the Indian Act, add these salaries for 2019 as reported in box 71 of all employee T4 slips for 2019.

Total payroll is calculated by adding the amounts shown in box 14 of each of the business’s T4SUM forms for 2019. If applicable, add the sum of all Indian Act tax-exempt salaries shown in box 71 of each employee's T4 for 2019.

Your Canada Revenue Agency Business Number (BN) has 9 digits.

Enter information from the last filed tax return (2018 or 2019). 

Income tax return 2018

Please refer to your 2018 income tax and benefit return (T1). 

Note: For a partnership, enter the business income below as reported by the partner (applicant). 

Where to find these amounts?

Income tax return 2019

Please refer to your 2019 income tax and benefit return (T1). 

Note: For a partnership, enter the business income below as reported by the partner (applicant).

Where to find these amounts?

T2 Declaration for 2019

Where to find this amount?

T2 Declaration for 2018

Where to find this amount?

Information required to facilitate your identification.

Expenditure and aid

 ATTESTATION OF THE BORROWER

Government of Canada, Export Development Canada and their respective agents and/or consultants (collectively, the “GOC”).

The undersigned hereby certifies to, and agrees with, National Bank of Canada and the GOC for and on behalf of the Borrower that:

  1. I have the ability and authority to bind the Borrower.
  2. The Borrower is a business that is a sole proprietorship, partnership or a Canadian-controlled private corporation (“CCPC”) that was in operation in Canada on March 1, 2020. The Borrower’s legal name on record with the Canada Revenue Agency (“CRA”) is ${legalEntity} and its business, operating, or trade name (if different from its legal name) is ${businessTradeName}. Please note that a sole proprietor’s legal name is the individual’s legal name as it is recorded in the CRA’s Business Number (BN) registry. A CCPC’s legal name must be written as it appears in its (federal or provincial) corporate registry. A partnership’s legal name is the partnership’s legal name as it is recorded in the CRA’s Business Number (BN) registry.
  3. The Borrower has a CRA Business Number (BN).
  4. The following information is true and accurate (and the Borrower understands that the GOC will verify the accuracy of such information):
    • the Borrower’s total employment income paid in the 2019 calendar year was greater than Cdn.$20,000 and less than Cdn.$1,500,000;
    • the Borrower’s CRA Business Payroll Number (BN) (15 digits), as reported at the top of the Borrower’s 2019 T4 Summary of Remuneration Paid (T4SUM), is: ${employeeNumber};
      Note: Usually a Borrower will have only one CRA Payroll Program Account, but some Borrowers have more than one. If the Borrower has more than one CRA Payroll Program Account, please enter the first one in the series.
    • the total employment income reported by the Borrower on all employee T4 slips for 2019 is: Cdn.$${T4SUM2019Amount}.
      Note: Total employment income can be calculated by adding the amounts shown in Box 14 on each of the Borrower’s 2019 T4SUM statements, except where the Borrower also pays employment income that is tax-exempt under the Indian Act. In this case, the sum of all tax-exempt employment income for 2019 as reported in Box 71 of each employee’s T4 slip for 2019 should be added to the above total of all amounts shown in Box 14 of the Borrower’s T4SUM statements. For additional clarity, where a Borrower has more than one CRA Payroll Program Account, and therefore more than one T4SUM statement, total employment income paid in the 2019 calendar year is the sum of the amounts shown in Box 14 of ALL OF the Borrower’s 2019 T4SUM statements plus, if applicable, the sum of all tax-exempt employment income reported in Box 71 of the T4 slips for 2019 of ALL OF the Borrower’s employees. A Borrower cannot obtain more than one loan under the Program (as defined below), even if the Borrower has more than one CRA Payroll Program Account.
  5. The Borrower can and shall demonstrate the above information by presenting applicable records if and when requested upon audit by the GOC, and the Borrower shall cooperate with the GOC in conducting such audits including, without limitation, requesting or instructing third parties to provide information as may be necessary.
  6. The Borrower consents to National Bank of Canada providing to the GOC the data elements necessary to evidence electronic confirmation by the Borrower of this Attestation.
  7. Per the requirements of the Canada Emergency Business Account Program (the “Program”), as set out by the Government of Canada, the undersigned acknowledges that the funds from the loan under the Program shall only be used by the Borrower to pay Eligible Non-Deferrable Expenses (as defined below) of the Borrower.
    Eligible Non-Deferrable Expenses” means the following expenses (and only the following expenses) incurred or to be incurred in 2020 provided that they are not deferrable after 2020:
    i) wages and other employment expenses to independent (arm’s length) third parties;
    ii) rent or lease payments for real estate used for business purposes;
    iii) rent or lease payments for capital equipment used for business purposes;
    iv) payments incurred for insurance related costs;
    v) payments incurred for property taxes;
    vi) payments incurred for business purposes for telephone and utilities in the form of gas, oil, electricity, water and internet;
    vii) payments for regularly scheduled debt service;
    viii) payments incurred under agreements with independent contractors and fees required in order to maintain licenses, authorizations or permissions necessary to conduct business by the Borrower; and
    ix) any other expense in a category other than the above as may be indicated by GOC under the Web Page from time to time as being an Eligible Non-Deferrable Expense for the purpose of the Program.
    For greater certainty, the following expenses are not Eligible Non-Deferrable Expenses and the Borrower cannot use the funds received under the Program to pay such expenses: any other payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation, in each case except to the extent that such expense falls under part (ix) above.
  8. The Borrower has an active business current account with National Bank of Canada, which is its primary financial institution. This business account was opened on or prior to March 1, 2020 and the Borrower was not in arrears on its existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020,
  9. The Borrower has not previously used the Program or the COVID Indigenous SMEs Initiative and will not apply for support under the Program at any other financial institution or for support under the COVID Indigenous SMEs Initiative.
  10. The Borrower understands that (a) any attempt to have more than one loan under the Program may result in default under the loan in respect of which this Attestation is being provided, prosecution or other enforcement measures available at law or otherwise and (b) receiving support under the COVID Indigenous SMEs Initiative disqualifies the Borrower under the Program and may result in default under the loan in respect of which this Attestation is being provided, prosecution or other enforcement measures available at law or otherwise.
  11. The Borrower agrees to participate in post-funding surveys conducted by GOC and agrees that relevant contact information of the Borrower can be shared with the GOC for that purpose.
  12. The Borrower acknowledges its intention to continue to operate its business or to resume operations.
  13. Per the requirements of the Program, as set out by the Government of Canada, the Borrower confirms that:
    a) it is not a government organization or body, or an entity wholly owned by a government organization or body;
    b) is not a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services;
    c) it is not an entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada; and
    d) it does not promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.
  14. The Borrower acknowledges that National Bank of Canada, and the GOC, will rely upon the accuracy of this Attestation and associated documentation (including copies of Eligible Non-Deferrable Expense Documents) in making loans and advances to the Borrower pursuant to the Program and acknowledges and agrees that an audit or investigation may be conducted by National Bank of Canada or by the GOC to ascertain the veracity of this Attestation and such information and documentation and the eligibility of the Borrower under the Program. The Borrower also consents to the sharing between National Bank of Canada and the GOC of information relating to the outcome of any such audit or investigation, and any related information and documentation.
  15. The Borrower acknowledges that any breach of or inaccuracy in any statement or information provided herein or in any associated documentation shall result in the Borrower’s ineligibility under the Program, trigger an immediate obligation to repay to National Bank of Canada any loans made to the Borrower under the Program, and could result in the criminal prosecution of the individual making the Attestation, the Borrower, and other individuals involved in the provision of inaccurate information on behalf of the Borrower. Knowingly submitting inaccurate information or documentation as part of this Attestation could result in criminal penalties of up to 14 years’ imprisonment, as well as significant fines, and the court-ordered repayment of any monies advanced.
  16. The Borrower understands and agrees that all information (including, for greater certainty, any personal information) obtained or maintained by National Bank of Canada or the GOC in connection with the Program, including the information included in this Attestation and other documentation, can be shared between National Bank of Canada and the GOC including for the purposes of administering, monitoring and auditing the Program and/or for research and statistical purposes relating to the Program. The Borrower hereby consents to National Bank of Canada and the GOC collecting and using such information for these purposes.
  17. For the purposes of verifying the Borrower’s eligibility for this Program, the Borrower hereby authorizes the CRA to share its business income and expenses, business number, legal name and address in respect of the 2018 and/or 2019 and/or 2020 tax years with the GOC, and further authorizes Export Development Canada and its agents to act as the Borrower’s representative with the CRA in order to share such required information in respect of the Borrower.
  18. The Borrower consents to the GOC publicly releasing its name by way of posting on a government website and/or tabling in a Parliamentary report or publication, as may be required for the Government of Canada to satisfy public accountability requirements.
  19. The Borrower acknowledges and agrees that neither the GOC nor National Bank of Canada shall be liable for any damages arising from the use by others of information or other materials (including the Eligible Non-Deferrable Expense Documents) obtained through electronic, telecommunications or other information transmission systems (including the Web Page) except to the extent such information or other materials have been obtained by others as a result of the actions of the GOC or National Bank of Canada, respectively, which would constitute the wilful misconduct or gross negligence of the GOC or National Bank of Canada.

ELECTRONIC COMMUNICATIONS

I authorize National Bank to transmit any communication related to this application electronically and securely to the email address provided in this application or to the email address registered in the Business file.

TERMS AND CONDITIONS

Click here to access our Terms and conditions.

 ATTESTATION OF THE BORROWER

Government of Canada, Export Development Canada and their respective agents and/or consultants (collectively, the “GOC”).

The undersigned hereby certifies to, and agrees with, National Bank of Canada and the GOC for and on behalf of the Borrower that:

  1. I have the ability and authority to bind the Borrower.
  2. The Borrower is a business that is a sole proprietorship, partnership or a Canadian-controlled private corporation (“CCPC”) that was in operation in Canada on March 1, 2020. The Borrower’s legal name on record with the Canada Revenue Agency (“CRA”) is ${legalEntity} and its business, operating, or trade name (if different from its legal name) is ${businessTradeName}. Please note that a sole proprietor’s legal name is the individual’s legal name as it is recorded in the CRA’s Business Number (BN) registry. A CCPC’s legal name must be written as it appears in its (federal or provincial) corporate registry. A partnership’s legal name is the partnership’s legal name as it is recorded in the CRA’s Business Number (BN) registry.
  3. The Borrower has a CRA Business Number (BN).
  4. The following information is true and accurate (and the Borrower understands that the GOC will verify the accuracy of such information):
    • the Borrower’s total employment income paid in the 2019 calendar year was Cdn.$20,000 or less or the Borrower had no employment income paid in the 2019 calendar year;
    • the Borrower’s CRA Business Number (BN) (9 digits), is: ${businessNumber}
    • the Borrower has filed tax return(s) with the CRA for 2019 (or if its tax returns for 2019 have not yet been submitted, 2018) and the following information is true and accurate:
      • the most recent year in which the Borrower has filed an income tax return with the CRA is: ${incomeTaxYear}
      • if the Borrower is a partnership, the legal name of the partner applying for the loan under the Program (as defined below) (which the Borrower understands will be used for identity confirmation purposes) is: ${borrowersPartnershipName};
      • for the year selected in (i) above, the Borrower’s business income as reported on its tax return is as follows (as applicable, for the appropriate entity/business type):
        • if the Borrower is a corporation (i.e. incorporated business), as reported on line 400 of the Borrower’s latest T2 is: Cdn.$${T2Amount}; or
        • if the Borrower is an un-incorporated business, as reported on the following lines of the Borrower’s latest T1 (either 2018 or 2019), is as indicated below:
          T1 Return:  Self-Employment Income Complete if latest T1 is ${incomeTaxYear}
             
          Field name ${incomeTaxYear} Tax Year Field Number and corresponding income, if any
          Net Business income 135/13500 (income: Cdn.$${T1BusinessIncome})
          Net Professional income 137/13700 (income: Cdn.$${T1ProfessionalIncome})
          Net Commission income 139/13900 (income: Cdn.$${T1CommissionIncome})
          Net Farming income 141/14100 (income: Cdn.$${T1FarmingIncome})
          Net Fishing income 143/14300 (income: Cdn.$${T1FishingIncome})
    • as at March 1, 2020, the total incurred and projected Eligible Non-Deferrable Expenses (as defined in Section 7 below) that the Borrower was or is legally or contractually obligated to pay in 2020 (including such Eligible Non-Deferrable Expenses actually paid from and after January 1, 2020) are
      (i) more than Cdn.$40,000 net of Excluded Benefits (as defined below), and
      (ii) less than Cdn.$1,500,000 including Excluded Benefits (as defined below).
      For greater certainty, the Borrower shall not be eligible under the Program (as defined below) in the event that its total Eligible Non-Deferrable Expenses (as defined below) after deducting Excluded Benefits (as defined below) is equal to or less than Cdn.$40,000. For greater certainty, in the event that the Borrower has a total amount of Eligible Non-Deferrable Expenses of more than Cdn.$1,500,000, the Borrower does not become eligible under the Program solely by virtue of excluding Excluded Benefits from that amount; and
    • the Borrower has in its possession documents evidencing more than Cdn.$40,000 of aggregate Eligible Non-Deferrable Expenses of the Borrower (e.g. a copy of the lease with the Borrower’s landlord for the year 2020, copies of material contracts, etc.), excluding any Excluded Benefits, (each such document and any amendments thereto, if applicable, an “Eligible Non-Deferrable Expense Document”). The Borrower has uploaded or will upload on https://application-demande.ceba-cuec.ca/ (the “Web Page”) each of the Eligible Non-Deferrable Expense Documents prior to being provided the loan under the Program by National Bank of Canada and understands that failure to upload the Eligible Non-Deferrable Expense Documents will disqualify the Borrower under the Program. Each Eligible Non-Deferrable Expense Document that has been or will be uploaded to the Web Page by the Borrower (i) is a true, complete and correct copy of the original document, and (ii) is in full force and effect under which the Borrower is legally obligated to make the payments provided for thereunder and the amounts payable under such documents are not disputed by the Borrower, in each case, as of the date of uploading.
    • Excluded Benefits” referenced in this Part B means the aggregate amount of the benefits the Borrower has received, or is expecting to receive by December 31, 2020, in support or subsidies under any other Government of Canada COVID response program (“GOC COVID Response Programs”) including the ones listed at the end of this Attestation.
  5. The Borrower can and shall demonstrate the above information by presenting applicable records (which shall include, for greater certainty, evidence of contractual obligations) if and when requested upon audit by the GOC, and the Borrower shall cooperate with the GOC in conducting such audits including, without limitation, requesting or instructing third parties to provide information as may be necessary.
  6. he Borrower consents to the GOC disclosing information requested in this Attestation to the Borrower’s payees and/or contractual counterparties including, without limitation, its landlords, lessors, insurers, telephone, internet and utility providers, contractors, licensors (or other governing body), lenders, creditors, employees and other government organizations (“Payees”) for the purposes of auditing and verifying the accuracy of any such information or records and documentation evidencing same. The Borrower further consents to each of the Payees cooperating with the GOC in respect of such audit and hereby requests and instructs each of the Payees to provide such information, records and documentation (which may, for greater certainty, may include personal information) as may be requested by the GOC for this purpose. The Borrower agrees to the GOC sharing this consent with the Payees as required and acknowledges that each of the Payees shall be entitled to rely upon the foregoing consent and instruction. The Borrower consents to National Bank of Canada providing to the GOC the data elements necessary to evidence electronic confirmation by the Borrower of this Attestation.
  7. Per the requirements of the Canada Emergency Business Account Program (the “Program”), as set out by the Government of Canada, the undersigned acknowledges that the funds from the loan under the Program shall only be used by the Borrower to pay Eligible Non-Deferrable Expenses (as defined below) of the Borrower.
    Eligible Non-Deferrable Expenses” means the following expenses (and only the following expenses) incurred or to be incurred in 2020 provided that they are not deferrable after 2020:
    i) wages and other employment expenses to independent (arm’s length) third parties;
    ii) rent or lease payments for real estate used for business purposes;
    iii) rent or lease payments for capital equipment used for business purposes;
    iv) payments incurred for insurance related costs;
    v) payments incurred for property taxes;
    vi) payments incurred for business purposes for telephone and utilities in the form of gas, oil, electricity, water and internet;
    vii) payments for regularly scheduled debt service;
    viii) payments incurred under agreements with independent contractors and fees required in order to maintain licenses, authorizations or permissions necessary to conduct business by the Borrower; and
    ix) any other expense in a category other than the above as may be indicated by GOC under the Web Page from time to time as being an Eligible Non-Deferrable Expense for the purpose of the Program.
    For greater certainty, the following expenses are not Eligible Non-Deferrable Expenses and the Borrower cannot use the funds received under the Program to pay such expenses: any other payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation, in each case except to the extent that such expense falls under part (ix) above.
  8. The Borrower has an active business current account with National Bank of Canada, which is its primary financial institution. This business account was opened on or prior to March 1, 2020 and the Borrower was not in arrears on its existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020,
  9. The Borrower has not previously used the Program or the COVID Indigenous SMEs Initiative and will not apply for support under the Program at any other financial institution or for support under the COVID Indigenous SMEs Initiative.
  10. The Borrower understands that (a) any attempt to have more than one loan under the Program may result in default under the loan in respect of which this Attestation is being provided, prosecution or other enforcement measures available at law or otherwise and (b) receiving support under the COVID Indigenous SMEs Initiative disqualifies the Borrower under the Program and may result in default under the loan in respect of which this Attestation is being provided, prosecution or other enforcement measures available at law or otherwise.
  11. The Borrower agrees to participate in post-funding surveys conducted by GOC and agrees that relevant contact information of the Borrower can be shared with the GOC for that purpose.
  12. The Borrower acknowledges its intention to continue to operate its business or to resume operations.
  13. Per the requirements of the Program, as set out by the Government of Canada, the Borrower confirms that:
    a) it is not a government organization or body, or an entity wholly owned by a government organization or body;
    b) is not a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services;
    c) it is not an entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament of Canada; and
    d) it does not promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age or mental or physical disability, contrary to applicable laws.
  14. The Borrower acknowledges that National Bank of Canada, and the GOC, will rely upon the accuracy of this Attestation and associated documentation (including copies of Eligible Non-Deferrable Expense Documents) in making loans and advances to the Borrower pursuant to the Program and acknowledges and agrees that an audit or investigation may be conducted by National Bank of Canada or by the GOC to ascertain the veracity of this Attestation and such information and documentation and the eligibility of the Borrower under the Program. The Borrower also consents to the sharing between National Bank of Canada and the GOC of information relating to the outcome of any such audit or investigation, and any related information and documentation.
  15. The Borrower acknowledges that any breach of or inaccuracy in any statement or information provided herein or in any associated documentation shall result in the Borrower’s ineligibility under the Program, trigger an immediate obligation to repay to National Bank of Canada any loans made to the Borrower under the Program, and could result in the criminal prosecution of the individual making the Attestation, the Borrower, and other individuals involved in the provision of inaccurate information on behalf of the Borrower. Knowingly submitting inaccurate information or documentation as part of this Attestation could result in criminal penalties of up to 14 years’ imprisonment, as well as significant fines, and the court-ordered repayment of any monies advanced.
  16. The Borrower understands and agrees that all information (including, for greater certainty, any personal information) obtained or maintained by National Bank of Canada or the GOC in connection with the Program, including the information included in this Attestation and other documentation, can be shared between National Bank of Canada and the GOC including for the purposes of administering, monitoring and auditing the Program and/or for research and statistical purposes relating to the Program. The Borrower hereby consents to National Bank of Canada and the GOC collecting and using such information for these purposes.
  17. For the purposes of verifying the Borrower’s eligibility for this Program, the Borrower hereby authorizes the CRA to share its business income and expenses, business number, legal name and address in respect of the 2018 and/or 2019 and/or 2020 tax years with the GOC, and further authorizes Export Development Canada and its agents to act as the Borrower’s representative with the CRA in order to share such required information in respect of the Borrower.
  18. The Borrower consents to the GOC publicly releasing its name by way of posting on a government website and/or tabling in a Parliamentary report or publication, as may be required for the Government of Canada to satisfy public accountability requirements.
  19. The Borrower acknowledges and agrees that neither the GOC nor National Bank of Canada shall be liable for any damages arising from the use by others of information or other materials (including the Eligible Non-Deferrable Expense Documents) obtained through electronic, telecommunications or other information transmission systems (including the Web Page) except to the extent such information or other materials have been obtained by others as a result of the actions of the GOC or National Bank of Canada, respectively, which would constitute the wilful misconduct or gross negligence of the GOC or National Bank of Canada.

ELECTRONIC COMMUNICATIONS

I authorize National Bank to transmit any communication related to this application electronically and securely to the email address provided in this application or to the email address registered in the Business file.

TERMS AND CONDITIONS

Click here to access our Terms and conditions.

Your request has been submitted.

Processing your application can take 10 to 15 business days. This delay applies after your supporting documents have been submitted on the government website, if in compliance.

IMPORTANT:

  • To finalize your application, it is mandatory that you submit supporting documents for your eligible expenses no later than September 30, 2020, on the government website: https://application-demande.ceba-cuec.ca/
  • You will find the complete procedure and list of eligible expenses on the government website.
  • You will need your National Bank institution number (006) and your Business Number (9 digits, as registered with the Canada Revenue Agency). 

Within the hour, you will receive an acknowledgement of receipt reminding you of the next steps at ${clientEmail}. Check your spam folder (junk mail). The email may be there by mistake. If you haven’t received anything, please inform us at support_CEBA@nbc.ca  

Have questions or need help?

Consult our information and latest updates on COVID-19 or write to us at support_CEBA@nbc.ca

Confirmation no.: ${confirmation}

Thank you for your application, and above all, take care of yourself.

Back to homepage

Processing your application can take take 10 to 15 business days. 

Within the hour, you will receive an acknowledgement of receipt with the next steps at ${clientEmail}. Check your spam folder (junk mail). The email may be there by mistake. If you haven’t received anything, please inform us at support_CEBA@nbc.ca

Have questions or need help?

Consult our information and latest updates on COVID-19 or write to us at support_CEBA@nbc.ca

Confirmation no.: ${confirmation}

Thank you for your application, and above all, take care of yourself.

Back to homepage

Your request has been declined. 

Unfortunately, based on the information provided, your business’s situation does not meet the eligibility criteria for the Canada Business Emergency Account program.

Within the hour, you will receive an email confirming that we received your request to ${clientEmail}.

Confirmation No. : ${confirmation}

Verify that your application has not been declined due to errors in the information provided:

  • The Business Number provided is for a Canadian business in operation as of March 1, 2020.
  • The business has an active business current account in Canadian dollars with National Bank of Canada, which is its primary financial institution. This account was opened as of March 1, 2020.
  • The business was not in arrears on existing borrowing facilities, if applicable, with National Bank of Canada by 90 days or more as at March 1, 2020.

If you made a mistake, you can re-apply.

If you do not meet the eligibility criteria, we invite you to consult the other support measures put in place to help your business.

Do you have any questions or need help?

Consult our information and latest updates on COVID-19 or write to us at support_CEBA@nbc.ca

Thank you for your application, and above all, take care of yourself.

Back to homepage

 

Your request cannot be granted 

 

We have updated our form with new eligibility criteria issued by the federal government. To complete your loan application, refresh the page or apply again.

Back to homepage

Technical problem 

A technical problem prevents us from processing your request. Please try again later.

© 2017 Company name | All rights reserved