Some RBC business clients say they’re being shut out of CEBA application process [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Some RBC business clients say they're being shut out of CEBA application process Some businesses who say they qualify for the loans complain they are not being given access to apply through the bank Royal Bank of Canada has approved more than $2 billion in emergency loans to small businesses since last week, but some business owners say the system set up by the bank has left them unable to apply for the government’s Canada Emergency Business Account loans even though they meet the qualifications. “I am desperately in need of the CEBA but … they are not making it available,” said Michael Pancer, president of Pancers Original Deli, a restaurant that banks with RBC. Pancer said his north Toronto deli, whose roots date back to 1957, meets all the criteria — including having a payroll of $50,000 a month and documentation from the Canada Revenue Agency — but when he logged in to his online business account, he was not given access to the application. “We have tried for the last week to appl
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