The Canada Emergency Business Account is for SMEs and NPOs. The
conditions of the federal program require that:
- Organizations have paid $50,000 to $1 million in salaries in
2019, as declared on their T4 Summary
- NPOs have submitted a
T2 Corporate Income Tax Return for the 2019 tax year
- Registered charities have submitted a T3010 Registered Charity
Information Return for the 2019 tax year
Moreover, to submit your emergency loan application to National
Bank, please make sure that:
- You have an active business account (business current account)
at National Bank, in Canadian dollars, opened no later than March 1,
2020
- The enterprise was not in arrears on existing borrowing
facilities, if applicable, with National Bank by 90 days or more as
at March 1, 2020
- National Bank is your primary financial
institution
2. Have the right information on hand
You will need the following information for your application:
- Your National Bank business account number (indicated at the
bottom of your cheques)
- The transit number of your branch
(5 digits, indicated at the bottom of your cheques)
- The sum
of salaries paid in 2019 (see box 14 of the 2019 T4 Summary for your
business)
- Your business number or employer account number
(15 characters, see the 2019 T4 Summary for your business)
3. Consult our FAQ
To learn more about how the emergency business loan works, consult
our FAQ.
Additional support measures
Some businesses could also already be eligible for the following
support measures. We ask that they contact their Account Manager and
consult nbc.ca/business where we regularly update
information on relief measures and available government programs.
- Concerted Temporary Action Program for Businesses from
Investissement Québec: This program is only for businesses
operating in Quebec and gives access to a working capital loan of a
minimum of $71,500. For more information, go to the Investissement Québec website.
-
Export Development Canada's Business Credit Availability Program
(BCAP): This measure is aimed at direct exporters, indirect
exporters, and future direct exporters. It allows them to obtain an
operating line of credit or cash flow loan of up to $6.25M in CAD,
USD or another currency. For more information, go to the Export Development Canada website.
National Bank Insurance Auto | Home: Support measures for retail clients
National Bank Insurance Auto | Home would also like to remind
clients who are experiencing financial difficulties that they could be
eligible for various relief measures, including:
- Payment deferrals
- Premium adjustments to reflect
reduced vehicle use
- Flexibility offered to clients who use
their vehicle for certain types of deliveries
- Claims may be
submitted online or by phone
Clients must call 1-877-871-7500 to find out if they are eligible
for relief measures. Further details are available on National Bank
Insurance's website. Using the Client Centre or app,
policyholders can access documentation, start a claim or obtain proof
of insurance.
