FNBC continues to support its Commercial and Small Business lending customer through financial uncertainty.  As of July 16, 2020, our First Nation Bank Customers will be able to apply for the revised  Canada Emergency Business Account (CEBA) program announced by the federal government on June 26, 2020.  Under the CEBA loan program, as an existing customer  you can request a $40,000 interest-free loan.  Up to $10,000 may eligible for loan forgiveness.

IMPORTANT INFORMATION

The Government of Canada has announced that the repayment deadline for Canada Emergency Business Account (CEBA) loans to qualify for partial loan forgiveness will be extended from December 31, 2022, to December 31, 2023 for eligible borrowers in good standing. Eligible borrowers who are in good standing are also not required to pay interest on their CEBA loan until January 1, 2024 upon which they will be charged interest at a rate of 5% per annum payable monthly. More information to follow.

CEBA is a $60,000 loan funded by the Government of Canada (interest free until December 31, 2022 and 5% interest per annum from January 1, 2023 until December 31, 2025). Up to $20,000 may be eligible for loan forgiveness.

The application window for a new $60,000 CEBA loan as well as $20,000 expansion requests closed June 30, 2021.

For enquiries on key program dates and updates, please refer to the Government of Canada CEBA website.

Links: 

CEBA Term Loan Agreement:
Important terms and conditions of the CEBA loan agreement can be found here, anytime. Please review and discuss with either your Commercial Account Manager or Branch Manager before you apply to ensure you meet all the necessary eligibility criteria.

FNBC Privacy Agreement:
Please also understand the privacy and disclosure conditions you’ll be required to authorize. Please read carefully before proceeding.

For Businesses with total employment income paid to employees in 2019 greater than $20,000 and less than $1,500,000, please use the application form below:
Canada Emergency Business Account 5.0 with Payroll greater than $20,000

For Businesses with total employment income paid to employees in 2019 of $20,000 or less, please use the application form below:
Canada Emergency Business Account 5.0 with Payroll less than $20,000

For Businesses that have previously received a CEBA loan through FNBC, please use the application form below:
Canada Emergency Business Account Expansion Form

Applications can be downloaded, completed, and returned to fnbcservice@fnbc.ca.