download the program by clicking on the DOWNLOAD button. If you have problems before you apply (while you’re filling out your online application or uploading your documents): Use the Report a technical issue button at the top of your account. Once the government has completed its verification process and let RBC know, RBC will email you to communicate the governmentâs decision. The government updates to the CEBA loan will enable businesses and not-for-profits that continue to be seriously impacted by the pandemic to access an additional $20,000 of financing, on top of the original CEBA loan of $40,000. endobj
Save them in a document by: screenshots showing the full browser window of the: page where you’re having problems or trying to sign into your account, ask about an application that has passed the, provide additional information about your application. How do I reduce the file size? The maximum forgiveness is achievable only with a full draw on the CEBA loan. Monthly interest only payments are required on the last day of the month commencing January 2023. Document Upload Instruction Guide CEBA has been extended to October 31, 2020, making the program accessible longer to Canadians. Dépenses non reportables admissibles prévues pour 2020 dans des catégories précises 2. IMPORTANT: Please note that enrolling for CRA Direct Deposit through your RBC Online Banking for Business or RBC Express does not register you for the Governmentâs CEWS. For more program details, please read the FAQ below.
RBC remains committed to supporting you through all channels. 1 0 obj
NOTE: If your CEBA application has been declined and the reason provided relates to the inability of the Government of Canada to find or match information in the Canada Revenue Agency database with the information provided in your CEBA enrollment request, please contact the Canada Revenue Agency and not the CEBA Call Centre to discuss or rectify the issue described. The email that you receive communicating the Government of Canadaâs decline of your application will include the reason provided to us by the Government of Canada for the decline.Â. There is a new Government of Canada CEBA Call Centre that you can contact if you have submitted an enrollment request for CEBA and have the following questions, such as: Please contact the Government of Canadaâs new CEBA Call Centre at 1-888-324-4201 between Monday to Friday from 10:00 am to 9:00 pm EST. If you have already applied for CEBA and have questions, please contact the CEBA Call Centre … For technical issues uploading a form or document, include: a copy of the form or document you’re trying to upload (with all fields completed), and; all your answers to the online questionnaire. Don’t send your question more than once. Term loans between $12.5 million and $80 million CAD (or USD equivalent), Terms of up to 5 years with a fixed 75% EDC guarantee, Have been formed or incorporated and have operations at least partially located in Canada, Have been financially stable and viable prior to the current economic turmoil, Requests must meet RBCâs underwriting requirements for this program for businesses negatively impacted by Covid-19, Met the necessary requirements that will form part of the application process, Apply for a new term loan for $12.5 million to $80 million CAD (or USD equivalent) to finance short-term operations in response to COVID-19, Unions, charitable, religious or fraternal organizations or entities owned by such organizations except registered T2 or T3010 corporations that generate a portion of their revenue from the sales of goods or services (so that business operations of those entities remain eligible.). Please note that while our RBC Account Managers and RBC Telephone Banking advisors are available to help answer your questions about CEBA, they are not authorized to fulfill enrollment requests. The CEBA at RBC is automatically funded with a $40,000 line of credit until December 31, 2020. Click here for more information on the BN and CRA Program Account Identifier.
If your organization has previously used the COVID Indigenous SMEs Initiative then you are not permitted to apply for support under the CEBA program. RBC business clients should speak with their RBC Relationship Manager to learn more about the application process and eligibility criteria. The purpose of the call centre is to provide live information about the status of your application, the CEBA program and the document upload website. <>
Each business must individually meet the eligibility criteria and only one CEBA loan will be approved per 9 digit CRA business number.
Last updated on July 7, … Entering Expenses: This image is taken from the CEBA Document Upload Guide. Eligible applicants can access funding up to $6.25 million CAD (maximum loan amounts dependent on business size) to cover operating expenses (such as rent, payroll and other operating expenses) and working capital needs. If you want to submit an enrollment request, please follow these instructions: If your organizationâs total employment income paid in the 2019 calendar year was greater than $20,000 and less than $1,500,000 you will need : If your organizationâs total employment income paid in the 2019 calendar year was $20,000 or less you will need: IMPORTANT: The information you provide in your enrollment request will be automatically sent to the Government of Canada for verification. The Government of Canada announced the availability of the Business Development of Canada (BDC) Co-Lending program supporting Canadian businesses of all sizes that have been negatively impacted by COVID-19. Given the current situation, we are experiencing extremely high call volumes. 5 0 obj
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We want to know about any technical issues you’re having so we can help solve the issue.
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It will appear in your list of accounts on your RBC Online Banking for Business or RBC Express profile. endobj
Enroll in RBC Online Banking for Business if you have not already done so. To help us find and solve the issue as fast as possible, include : If you need to send many documents and images, find out how to combine documents. Please note that there are no cash advance fees to transfer your CEBA funds. December 31, 2020, is the last day you can withdraw money from your CEBA loan on the RBC CreditLine for Small Business. Entities owned by individuals any federal Member of Parliament or Senator. Instead, you will be prompted to leave your contact details so that you can be entered in the cue for a call back from a live agent within the CEBA Call Centreâs operating hours.
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Ensure that you are enrolled in RBC Online Banking for Business or RBC Express. For open locations and branch hours, please visit maps.rbcroyalbank.com. If you’re having problems with our forms, read about downloading and uploading forms and documents first.
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