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To ensure our small business and not-for-profit customers have the money they need to cover operating costs where revenues have been reduced due to COVID-19, the Canada Emergency Business Account (CEBA) program is providing loans of up to $40,000.
To apply for a CEBA loan, Manulife Bank must be the primary bank for your business activities. Typically, this means the majority of your business financial transactions go through your Manulife Bank account, including payroll, bills, etc. If your primary operating account is with another bank, you should apply for a CEBA loan through that bank.
Before applying for the CEBA, read this article to understand the program details, repayment terms, and eligibility requirements.
Note: if you are a signing authority for multiple businesses and would like to apply for a CEBA loan for each business, please submit a separate application for each.