Apply for a new $60,000 CEBA loan
Step 1: Apply now by signing on to CIBC Online Banking® for Business using the Business Convenience Card linked to your business operating account.
Step 2: There are 2 ways to apply based on your business circumstances:
Businesses with an annual payroll between $20,000 and $1.5 million based on the sum of all employment income reported on all employee T4s for 2019.
Businesses with annual payroll less than $20,000 during 2019 and eligible non-deferrable expenses for 2020 projected to be between $40,000 and $1.5 million.
Step 3: For non-deferrable expense-based applications, upload your expense documentation. CEBA document upload website Opens in new window.
Step 4: After completing your application, you will be notified of the government’s decision in 10 to 15 business days.