Canadian Emergency Business Account (CEBA)

Application Information

IMPORTANT NOTICE - June 25, 2021

Please be advised that the deadline to submit your CEBA application is Wednesday, June 30th, 2021. For CEBA updates, FAQ's, or any application question support please visit and bookmark the Government of Canada CEBA website.

**Please ensure that if you have applied for the CEBA Loan based on Non-Deferrable expenses, and this is a brand new loan to you and not just an increase, that you visit the CEBA Document Upload Website to upload your supporting expense receipts/invoices.**

You may now check on the status of your CEBA application any time at least 5 days after you have applied. Click here to check your application status. 

Recent Updates

DECEMBER 3, 2020 Expand/Collapse

Please be advised that the CEBA application portal will be closed today, December 3rd at 5pm, so that we may update our systems to accommodate applications for the upcoming CEBA Plus expansion. We expect applications for this to become available within approximately the next two business weeks, at which time we will start accepting applications again. Please continue to watch for further messaging and instructions for this upcoming expansion.

NOVEMBER 2, 2020 Expand/Collapse

Please note, if you are an existing member of YNCU, and had been operating your business from a personal bank account, you now have the option of opening a YNCU/Community First Business Bank Account and applying for the CEBA Loan.

Please visit prior to being in touch with us, to verify that your business is eligible to receive the CEBA Loan. 

Once verified, please email and we will arrange a business account opening meeting, and advise of next steps.

CEBA has been extended to December 31st, 2020, making the program accessible longer to Canadians.

AUGUST 31, 2020 Expand/Collapse

Please be advised YNCU will begin accepting applications under the recently expanded CEBA Program, starting Tuesday, August 5th. Please log into your online banking profile, and fill out all information as instructed. If you are a sole proprietorship or partnership, applying with $40,000 in non-deferrable expenses, you will also be required to upload your supporting documentation at the EDC website that is given at the beginning of the application. Your application will not be considered until that information is received. If approved by the EDC, funds will typically arrive within 15-20 business days, and be deposited directly to your business account. Click here to visit the CEBA Document Upload Website

Please note, if you are operating a business from a personal bank account, you will not be eligible for CEBA. These are government requirements. YNCU is not permitted to override any CEBA decisions.

For any questions on eligibility, supporting expense documents, etc. please click here.

CEBA has been extended to December 31st, 2020, making the program accessible longer to Canadians.


Is there a deadline for completing an application at my primary financial institution and for uploading supporting documents?

  • You must complete the CEBA application with YNCU by December 31st, 2020.

  • After completing the application with your financial institution, you must upload supporting documentation.

  • It is imperative that you provide your supporting documents through the site at the same time as submitting your application

  • Supporting documentation is a critical part of the application processes and delays in providing this information can result in a delay in the pre-funding eligibility validation and funding process.

JUNE 19, 2020 Expand/Collapse

As of June 19th, the Government has announced that they will be expanding the CEBA program to include eligible sole proprietors and partnerships. The exact availability date of the expanded eligibility program is not yet known. Based on information released to date, YNCU expects to be positioned to accept applications within 3-4 business weeks.  In the meantime, please forward your information (name, email address and phone number) to and we will email you as soon as this is available, along with instructions for application. 

While awaiting this program, we recommend you collect the following information as it will be required at the time of application

Once the expanded eligibility criteria become effective, you will need three main pieces of information to complete the application:

  • Your 9-digit business number (same number you used in your application); and

  • Electronic or paper copies of Receipts / Invoices / Agreements to be uploaded as evidence of your 2020 Eligible Non-Deferrable Expenses.

Please note if you are an incorporation applying for CEBA under the original program eligibility parameters, please apply through YNCU Online Banking (more information below).


To apply for CEBA, it’s as simple as signing in to your Online Banking, clicking Account Services, and applying from there.

In order to ensure we are able to process your application as quickly as possible, we recommend that you collect/ensure you have the following information and meet all criteria below:

  • YNCU is your primary financial institution for business banking.

  • Your business has access to Online Banking at YNCU (all applications must be done through this channel).

  • If you are applying for CEBA for more than one business, ensure the unique BN# (the unique 15 digit number containing the letters RP) is referenced where required on the application – any duplicate BN#s will be rejected.

  • Your YNCU business deposit account was open before March 1, 2020, and is active and in good standing.

  • Your organization was registered and operational on or before March 1, 2020.

  • Your organization’s 2019 T4 Summary of Remuneration payroll expenses (Box 14) was between $20,000 and $1,500,000. Please have your T4 Summary available for confirmation.