{"id":4741,"date":"2021-03-24T14:31:19","date_gmt":"2021-03-24T18:31:19","guid":{"rendered":"https:\/\/amyotgelinas.com\/extension-of-the-emergency-account-for-canadian-business-eacb\/"},"modified":"2021-03-24T14:31:19","modified_gmt":"2021-03-24T18:31:19","slug":"extension-of-the-emergency-account-for-canadian-business-eacb","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/extension-of-the-emergency-account-for-canadian-business-eacb\/","title":{"rendered":"Extension of the Emergency Account for Canadian Business (EACB)"},"content":{"rendered":"<div id=\"fws_605b3291c066f\" class=\"wpb_row vc_row-fluid vc_row full-width-section standard_section \" data-column-margin=\"default\" data-midnight=\"dark\">\n<div class=\"row_col_wrap_12 col span_12 dark left\">\n<div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone instance-2\" data-t-w-inherits=\"default\" data-shadow=\"small_depth\" data-bg-cover=\"\" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-hover-bg=\"\" data-hover-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\">\n<div class=\"pattern-demo\">\n<section class=\"provisional alert alert-notice\">Applicants now have until June 30, 2021 to apply to their financial institution for a <span class=\"nobreak\">$60,000<\/span> CUEC loan or a <span class=\"nobreak\">$20,000<\/span> top-up.<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"fws_605b3291c0e7b\" class=\"wpb_row vc_row-fluid vc_row full-width-section standard_section \" data-column-margin=\"default\" data-midnight=\"dark\">\n<div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\">\n<div class=\"inner-wrap\">\n<h3 class=\"row-bg\">CUEC requirements and deadlines<\/h3>\n<\/div>\n<\/div>\n<div class=\"row_col_wrap_12 col span_12 dark left\">\n<div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone instance-3\" data-t-w-inherits=\"default\" data-shadow=\"small_depth\" data-bg-cover=\"\" data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-hover-bg=\"\" data-hover-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\">\n<div class=\"pattern-demo\">\n<section class=\"provisional alert alert-info\">\n<ul>\n<li>As of December 4, 2020 , hard-hit small businesses and non-profits may be eligible for an additional <span class=\"nobreak\">$20,000<\/span> on the <span class=\"nobreak\">$40,<\/span> 000 CUEC loan already available.<\/li>\n<\/ul>\n<h3>Applicants requesting status updates<\/h3>\n<ul>\n<li>Applicants can view the status of their CUEC loan application online at <a href=\"https:\/\/status-statut.ceba-cuec.ca\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">https:\/\/status-statut.ceba-cuec.ca\/.<\/a>\n<ul>\n<li>Please wait 5-7 business days after submitting your application before checking the status of your loan application on this website or with the call center. If you attempt to do so within 5-7 business days, you will not receive an update. <\/li>\n<li>If you still have questions, you can contact the CUEC Call Center at 1-888-324-4201. The CUEC Call Center is open Monday to Friday, 8 a.m. to 9 p.m. Eastern Time, excluding statutory holidays. <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>CUEC update for certain $20,000 applicants under the expanded program awaiting process to submit additional information<\/h3>\n<ul>\n<li>The CUEC program team continues to work actively with over 230 financial institutions to complete the process that will be made available to certain $20,000 applicants under the expanded program who have been previously notified to submit additional information.<\/li>\n<li>Applicants awaiting the process to submit additional information will have until May 7, 2021 to do so.<\/li>\n<li>We are working to complete the process as quickly as possible for applicants. We sincerely thank you for your patience. <\/li>\n<\/ul>\n<\/section>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<h3>Program overview<\/h3>\n<\/div>\n<\/div>\n<div id=\"fws_605b3291c7011\" class=\"wpb_row vc_row-fluid vc_row inner_row standard_section \" data-midnight=\"\" data-column-margin=\"default\">\n<div class=\"row-bg-wrap\">\n<div class=\"row-bg\">This $73 billion program offers interest-free loans of up to <span class=\"nobreak\">$60,000<\/span> to small businesses and non-profit organizations.<\/div>\n<\/div>\n<div class=\"row_col_wrap_12_inner col span_12 left\">\n<div class=\"vc_col-sm-12 wpb_column column_container vc_column_container col child_column padding-5-percent inherit_tablet inherit_phone instance-17\" data-using-bg=\"true\" data-t-w-inherits=\"default\" data-border-radius=\"5px\" data-bg-cover=\"\" data-padding-pos=\"all\" data-has-bg-color=\"true\" data-bg-color=\"rgba(51,51,51,0.07)\" data-bg-opacity=\"1\" data-hover-bg=\"\" data-hover-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element announcement\">\n<div class=\"wpb_wrapper\">\n<p>Repayment of the loan balance by <span class=\"nobreak\">December 31<\/span>, 2022 will result in a write-off of <span class=\"nobreak\">33%<\/span> of the loan (to a maximum of <span class=\"nobreak\">$20,000).<\/span><\/p>\n<p>As of October 26, 2020, eligibility for CUEC has been <span class=\"nobreak\">expanded:<\/span> the requirement to have an active business checking or operating account, established on March<sup>1<\/sup>, 2020, has been abolished. From now on, companies wishing to apply for CUEC can do so after opening an operating or business chequing account with their primary financial institution. To find out more about this new criterion and the other criteria defined since the launch of CUEC, we invite you to consult the FAQ below.  <\/p>\n<p>As of December 4, 2020, approved CUEC applicants can now receive a <span class=\"nobreak\">$60,000<\/span> loan. Those who have already received a <span class=\"nobreak\">$40,<\/span> 000 loan can apply under the program&#8217;s enhancement, which provides an additional <span class=\"nobreak\">$20,000<\/span> in funding for eligible businesses.<\/p>\n<\/div>\n<p>For questions about existing programs for businesses, and for emergency financial assistance, you can contact our expert, <strong><a href=\"https:\/\/amyotgelinas.com\/membres_equipe\/gustave-legault-brousseau\/\">Gustave Legault-Brousseau,<\/a> CPA, CMA, Senior Financial Analyst<\/strong> at Amyot G\u00e9linas at 819 326-3400, ext. 3472 or at <a href=\"mailto:glegault-brousseau@amyotgelinas.com\">glegault-brousseau@amyotgelinas.com<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Applicants now have until June 30, 2021 to apply to their financial institution for a $60,000 CUEC loan or a $20,000 top-up. CUEC requirements and deadlines As of December 4, 2020 , hard-hit small businesses and non-profits may be eligible for an additional $20,000 on the $40, 000 CUEC loan already available. Applicants requesting status [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132,133,153],"tags":[],"class_list":["post-4741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-management","category-corporate-financing","category-covid-19-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=4741"}],"version-history":[{"count":0,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/4742"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=4741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=4741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=4741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}