Canadian Emergency Business Account (CEBA) Information Expand/Collapse


Please note, if you are an existing member of Community First, 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 31st, 2020 UPDATE:

Please be advised Community First 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. Community First 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 Community First 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 19th, 2020 UPDATE: 

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, Community First 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 Community First 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:

  • Community First is your primary financial institution for business banking.

  • Your business has access to Online Banking at Community First (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 Community First 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.

Business Banking

No one cares about your business more than you, but we come pretty darn close.

Whether you’re working off your kitchen table or one of several boardroom tables, what you’ll find here is a full suite of tools, services, and innovative solutions, all completely customized to your success. We look at every facet of how you operate to help you not only improve, but optimize for your highest financial performance possible.

Things operate a little differently here because we’ve built our business on making sure other local businesses thrive. When we’re evaluating viability, we look beyond size – focusing on business potential as an investment in our shared local economy. If you do well, we all do well. And if that sounds welcoming and straightforward, it’s because it is.

To learn more about how we can help, choose the option that best represents your business as it is today.

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