Resources for Businesses

Canada Emergency Business Account Funding - CEBA

CEBA Update December 4, 2020

  • $60,000 loan is now available for members who have not previously received a CEBA loan
  • $20,000 top-up loan is now available for members with an existing CEBA loan
  • The CEBA application timeline has been extended until March 31, 2021 for all applicants

For more information, please contact the Commercial Loan Department by calling the branch at 250.365.7232 or via email

The Canada Emergency Business Account Details:

  • provide a $60,000 loan
  • 0% interest until December 31, 2022
  • requires no minimum monthly principal payments until December 31, 2022
  • NO Prepayments can be made until after November 1, 2022
  • $20,000 loan forgiveness is available provided outstanding balance(s) is/are fully paid on or before December 31, 2022.

For qualification information, please refer to the ‘Attestation’ section of the applicable application in which you are applying for:

NEW APPLICANTS ONLY: to apply for the $60,000 CEBA loan, click HERE

PREVIOUSLY APPROVED CEBA APPLICANTS: if you have previously received the $40,000 CEBA funding through Heritage Credit Union apply for the $20,000 expansion with the form HERE

Once your forms have been completed and signed please email them to

Please refer to the Federal Government website below for detailed information on the Canada Emergency Business Account (CEBA).

If you have any questions or need clarification, please reach out to our Commercial Department who will be happy to assist you.