© Summerland & District Credit Union 2020
Ways to Bank
SERVICES FOR YOUR BUSINESS.
We offer a wide range of accounts and services tailored to meet the financial needs of your business.
The new Canada Emergency Business Account (CEBA) will provide loans of up to $40,000 to small businesses and not-for-profits to help cover their operating costs during a period where their revenues have been temporarily reduced. To qualify, organizations will need to demonstrate that they meet the criteria of having paid between $20,000 to $1.5 million in total payroll in 2019.
Review the CEBA FAQs
Expanded CEBA - Now Available!
Businesses eligible for CEBA now include owner-operated small businesses that do not have a payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll. This means that more small businesses can access it.
Eligible SDCU business members can now apply for the CEBA loan program through our Business Online Banking platform. The link to the application can be found under Account Services in the left-hand menu once you are logged in.
Business Members have 24/7 access to our night deposit box so you can drop by whenever is convenient for you. Community organizations can take the worry out of handling cash after fundraisers and events by leveraging this service free of charge. Deposits dropped off after hours at any of our branches will be processed the next business day.
CRA Business Taxes
With online banking, your business can pay and file GST remittance, amount owing, interim payments, Corporate Tax and Payroll and Source Deductions.
Simply enter your business information and accounting calulations and file directly to Canada Revenue Agency.
Enhance your business banking online
By signing up for Small Business Online Banking, your business accounts can be accessed and managed by multiple authorized people. From transaction approvals to business tax payments, the management of your businesses day-to-day banking has become easier, more secure and on-the-go.
Consumers today expect to use the payment option of their choice; making sure they can is a great advantage for your business. That’s why we offer payment processing solutions, to provide you easy, secure and affordable merchant processing programs. Discover the many difference services we offer to assist you in your cash flow.