Support for our Business Members 

The Canada Emergency Business Account (CEBA) program is available to businesses which meet the eligibility criteria set out below. Subject to the ongoing availability of government funding, a loan of $60,000 is available to businesses to help cover eligible non-deferrable expenses.

• Loans up to $60,000. Up to $20,000 may be available for loan forgiveness.
• Interest rate at 0% until December 31, 2022.
• If the loan cannot be paid by December 31, 2022. Loan will be converted into a 3-year term loan, bearing an interest rate of 5% per annum.

Ready to Apply?

• Login to Online Banking
• Select Account Services, Select CEBA
• Complete and submit form 
  • Upon receipt of your completed online application, a representative of PACE will email you the required Attestation Form to be completed and signed to finalize your applicatio
  • The application deadline is March 31, 2021”

Not signed up for Online Banking?

You can apply by sending a written request to comm_loans@pacecu.com and we will send you a copy of the application form.

Once PACE Credit Union receives your application, if we need to clarify any information, we will contact you within ten to fifteen business days.

Questions?

Please contact your Account Manager who is available to support you during these uncertain times. If you don’t have a dedicated Account Manager, contact us at comm_loans@pacecu.com.

For businesses that have been impacted by COVID-19 but do not meet the criteria for Government Access to Credit programs, please contact your Account Manager or Business Banker to see how else we may be able to help.

Further information is available at the Government of Canada’s COVID-19 Economic Response Plan.