How do I apply for a CEBA loan through the Payroll stream?

Applications for the Canada Emergency Business Account (CEBA) are only accepted through online business banking.

If you are not currently set up for online business banking or do not have a password, please contact our Member Services Centre.

The steps below apply to members who are operating businesses that pay out a total of $20,000 or more in payroll as reported on your 2019 T4 Summary of Remuneration Paid.

Step 1: Login	Login to online business banking through the business tab of the vancity.com website. 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
Step 2: Navigate to application form in Account Services	Once you have logged in successfully, select Account Services from the left hand navigation. Then select the Canada Emergency Business Account (CEBA) link
Step 3: Follow the steps to complete the form.	Please review the information on this screen and follow the links to any additional steps that may be required. 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.
	Enter your business details, including main email address and phone number for your business.
	Enter the contact details of the person who is approved on behalf of the business to enter into a lending agreement. 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.
	Please complete this form and review the attestation details below. These are the terms and conditions you are agreeing to and verifying to be correct as part of your loan application. The information you will need to gather beforehand is: Your CRA Business Number as reported at the top of your 2019 T4 Summary of Remuneration Paid (T4SUM). Please enter all 15 characters, including ‘RP’ (e.g. XXXXXXXRPXXXXXX). Your total payroll expenses: The sum of all Employment Income reported on ALL employee T4s for 2019: Add Box 14 and Box 71 on your 2019 T4 Summary of Remuneration Paid (T4SUM). This total must be between $20,000 and $1.5 million. 2019 T4SUM may be requested upon audit.
Step 4: Confirm	Confirm to attest to the eligibility of your organization or business to receive these funds.
Step 5: Receive Confirmation and submit	Review the confirmation screen to ensure all details are correct. By selecting ‘I Agree‘ you will submit the request for the loan application which Vancity will process on behalf of the government.

What happens next?

Once Vancity receives your application, it is sent to EDC who is the administrator of the Government of Canada’s eligibility criteria. As Vancity does not adjudicate these loans, we cannot provide information on the status during the evaluation period. Once your application has been sent to the Federal Government for approval, we will email you with information on next steps. For full eligibility requirements, please visit www.CEBA-CUEC.ca

Expect to receive an email with more information from Vancity in the coming weeks. If you are approved, you can expect an email from vancity_esignature@e-signlive.ca and instructions on how to complete the eSignature process. To learn more about the process, read this article.

Go to vancity.com