TORONTO, Oct. 26, 2020 /CNW/ - Scotiabank announces that
it is ready to accept applications for the next phase of the
Canada Emergency Business Account
(CEBA), with expanded criteria that enables eligible businesses who
did not previously have a business banking account to now apply for
the program.
"Scotiabank applauds the federal government for extending a hand
up to more small businesses across Canada with the expanded eligibility of the
Canada Emergency Business Account
(CEBA)," said Dan Rees, Group Head,
Canadian Banking, Scotiabank. "As the largest sector for employment
in the country, it is critically important to Canadians and to our
economy that small businesses continue to be supported. CEBA has
given many business owners that peace of mind, providing them with
liquidity and optionality as they navigate the unprecedented
challenges presented by COVID-19."
As part of this fourth phase of CEBA, the federal government has
expanded the criteria to allow eligible businesses who did not
previously have a business account to now apply. The previous
March 1, 2020 condition for having an
active business chequing or operating account has been removed and
businesses can now apply for CEBA after opening a business chequing
or operating account with their primary financial institution. To
further assist business owners in their application, the government
has also introduced a pre-screen tool to provide businesses
information on their potential eligibility for CEBA before
applying.
For customers interested in applying for the CEBA program or for
information on Scotiabank's support for small businesses, please
visit:
https://www.scotiabank.com/ca/en/personal/scotia-support/business-banking.html
Scotiabank stands behind Canadian
businesses
Scotiabank was recently rated the leading bank in
client satisfaction according to the Bond COVID-19 Canadian Client
Impact Study.
Scotiabank's support for eligible Canadian Business Banking and
Small Business clients affected by COVID-19 include:
- Online application for the Canada Emergency Business Account (CEBA);
- Online application for the Canada Emergency Wage Subsidy (CEWS);
- Support through the Business Development Bank of Canada (BDC) financial relief program;
- Support through the Export Development Canada (EDC) financial
relief program;
- Continued access to Small Business Advisors and Business
Banking Relationship Managers for customized advice.
For more information on our customer assistance programs for
individuals and businesses, please visit Scotiabank.com.
About Scotiabank
Scotiabank is a leading bank in
the Americas. Guided by our purpose: "for every
future", we help our customers, their families and their
communities achieve success through a broad range of advice,
products and services, including personal and commercial banking,
wealth management and private banking, corporate and investment
banking, and capital markets. With a team of over 90,000
employees and assets
of approximately $1.2 trillion (as at July
31, 2020), Scotiabank trades on the Toronto Stock
Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit our website and follow
us on Twitter @ScotiabankViews.
SOURCE Scotiabank