We’re here to help your business
To ensure small businesses and not-for-profit organizations impacted by COVID-19 have the money they need to cover operating costs, the Canada Emergency Business Account (CEBA) program is providing $60,000 loans for new qualified applicants, and top-up loans of $20,000 for businesses and organizations who have already received the initial $40,000 CEBA loan.
Before applying for a CEBA loan, there are three things you need to do:
- Read this article to understand the program details, repayment terms, and eligibility requirements.
- Complete the CEBA Pre-Screen Tool to see if you meet the CEBA criteria.
- If you don't already have a Business Advantage Account or Manulife One for Business Account, you must open one before applying. To open an account, speak with your advisor or find one here.
Note: if you are an owner or signing authority for multiple businesses and would like to apply for a CEBA loan for each business, please submit a separate application for each.
Start your CEBA loan application
There are three application streams, depending on your business’s CEBA application history, your total wages paid in 2019, and your non-deferrable expenses.
The CEBA loan top-up stream is only for businesses who have already received a CEBA loan of $40,000.
The non-deferrable expenses stream and payroll stream are for the full $60,000 CEBA loan, and are only for businesses who haven’t already received a CEBA loan. These two streams are based on your business’ total wages paid in 2019 and your non-deferrable expenses. Both of these streams are for the same loan amount, but are separated to ensure your application is processed correctly.