CIBC accepts applications for the new Canada Emergency Business Account from 9 April | Instant News


CM) (CM) today announced its fully digital application process will open April 9 for eligible clients seeking access to the new Canadian Emergency Business Account (CEBA), the federal government’s $ 25 billion loan program for Canadian small and medium-sized businesses. “data-reactid =” 14 “> TORONTO, 8 April 2020 / CNW / – CIBC (CM) (CM) today announced its fully digital application process will open April 9 for eligible clients seeking access to the new Canadian Emergency Business Account (CEBA), the federal government’s $ 25 billion loan program for Canadian small and medium-sized businesses.

CIBC (CNW / CIBC Group)

CIBC Online Banking for Business if they are at the moment registered to online banks. After approval, the client will receive a confirmation email from CIBC, and a $ 40,000 loan will be deposited into the existing CIBC Business Operating Account. The entire process is expected to take up to five working days from the date of shipment. “Data-reactid =” 27 “> Business owners whose main bank is CIBC can submit applications via CIBC Online Banking for Business if they are at the moment registered to online banks. After approval, the client will receive a confirmation email from CIBC, and a $ 40,000 loan will be deposited into the existing CIBC Business Operating Account. The entire process is expected to take up to five working days from the date of shipment.

“In our conversations with small business owners over the past week, it is clear that there is an urgent need for this new funding source, and we are ready to take applications to help clients access a Canadian Emergency Business Account quickly,” said Laura Dottori-Attanasio, Executive Vice President Senior and Head of Group, Personal and Business Banking. “Every businessman who deals with us wants to see their business through this challenging time so they can focus on their ambitions for growth, and we support them to manage through the current environment.”

Since launching a dedicated small business support center in the center of COVID-19, thousands of business owners have contacted CIBC to delay loan payments and receive advice on managing their short-term cash flow.

Canadian Emergency Business Account FAQ page. “data-reactid =” 30 “> If you have questions about the application process and loan details, please visit CIBC Canadian Emergency Business Account FAQ page.

news release& nbsp; and more information about CIBC can be found at & nbsp;www.cibc.com/en/about-cibc/media-centre.html. “data-reactid =” 32 “> CIBC is a leading Canadian-based global financial institution with 10 million banking, business, public and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Market businesses, CIBC offers advice, solutions and services through leading digital banking networks, and locations in Canada, in the United States and around the world. news release and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

CIBC SOURCE

http://www.newswire.ca/en/releases/archive/April2020/08/c3550.html“data-reactid =” 62 “> View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2020/08/c3550.html



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