How do I apply for a CEBA loan through the Non-Deferrable Expense Stream?

If this is the first time you’re logging in, you’ll be prompted to:

• Create a new password
• Accept the Business Member Agreement
• Select three Personal Access Questions and Answers

Then select the Canada Emergency Business Account (CEBA) link 

If you have recently been operating out of a personal account, you will be required to visit the link for the CEBA Pre-Screen tool at https://verify-verifier.ceba-cuec.ca/ to receive a 10 digit number to enter into the form.

The information provided on this page will be used when sending the CEBA Commitment letter from Vancity that must be signed digitally through easy to use eSignature software.

The information you will need to gather beforehand is:

• Your 9-digit CRA business number
• If a partner in a partnership is applying, the legal name of the partner applying for the loan.
• For corporations, your T2 General form for the most recent tax year (2018 or 2019 only).
  If unincorporated, you’ll need your T1 General form for the most recent tax year (2018 or 2019 only).
• Documentation of $40,000 or more non-deferable expenses in electronic format in order to fulfill next steps.

By selecting ‘I Agree’ you will submit the request for the loan application which Vancity will process on behalf of the government.

Follow the website guide and FAQs to upload documents showing a total of more than $40,000 of eligible non-deferrable expenses.

Reference Vancity as the financial institution where you submitted your application and use the same 9-digit CRA business number you used in your application on Vancity’s online business banking.

The Eligible Non-Deferrable Expense categories are:

• Wages and other employment expenses to independent (arm’s length) third parties;
• Rent or lease payments for real estate used for business purposes;
• Rent or lease payments for capital equipment used for business purposes;
• Payments incurred for insurance related costs;
• Payments incurred for property taxes;
• Payments incurred for business purposes for telephone and utilities in the form of gas, oil, electricity, water and internet;
• Payments for regularly scheduled debt service;
• 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.