Canada Emergency Business Account
Welcome to Affinity Credit Union's application for the Canada Emergency Business Account
The new Canada Emergency Business Account (CEBA) provides up to $40,000 to small businesses and not-for-profits as an interest-free loan. The intention of this loan is to help you cover your operating costs during a period where revenue could be reduced.
As per the Government of Canada’s requirements, you will qualify for this account if you meet the following parameters:
- You have an existing Affinity Credit Union business deposit account opened prior to March 1, 2020 and utilize it as your primary operating account
- Your business has been a registered and operational business since on or before March 1, 2020
- Your payroll expenses are between $20,000 and $1.5 million annually
- You agree to use funds from this loan to pay for operating costs that cannot be deferred, such as payroll, rent, utilities, insurance, debt payments and property tax
As your trusted financial partner, we’re here for you. Your financial wellbeing is our top priority and we’re committed to providing flexible solutions to help you through this challenging time.