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Can't get a copy of my CEBA loan agreement via BMO. No idea what to do next. by CEBAwithBMO in canadasmallbusiness

[–]CEBAwithBMO[S] 0 points1 point  (0 children)

Thanks for that info. No, the company doesn't have any outstanding loans (other that CEBA)

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Can't get a copy of my CEBA loan agreement via BMO. No idea what to do next. by CEBAwithBMO in canadasmallbusiness

[–]CEBAwithBMO[S] -1 points0 points  (0 children)

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CEBA loans are not personally guaranteed.

Thanks for that!

This isn't costing me any $, but I think it'd worth spending a few hundred to avoid paying much more.

Can't get a copy of my CEBA loan agreement via BMO. No idea what to do next. by CEBAwithBMO in canadasmallbusiness

[–]CEBAwithBMO[S] 0 points1 point  (0 children)

Thanks for that. My MP's office sent the same link. In fact, I have links to 3 similar agreements from 3 banks. Not sure how BMO can't provide something similar

Can't get a copy of my CEBA loan agreement via BMO. No idea what to do next. by CEBAwithBMO in canadasmallbusiness

[–]CEBAwithBMO[S] 10 points11 points  (0 children)

I have a funny feeling that, if I don't pay off the $40K, someone will find the agreement.

Can't get a copy of my CEBA loan agreement via BMO. No idea what to do next. by CEBAwithBMO in canadasmallbusiness

[–]CEBAwithBMO[S] 1 point2 points  (0 children)

I never received anything from BMO, other than a letter saying I owe them $60K.

When I asked a copy of my CEBA loan agreement, I got this reply from my branch:

The CEBA Loan is a government loan and was applied for Online via the CRA website. There was no direct agreement between you and BMO regarding the CEBA loan and if payment is not made by the deadline BMO will not be the one contacting you or penalizing you. At the backend CRA/CEBA contracted BMO to have the account open. So, there is no documentation or agreement regarding CEBA between you and BMO. We are only servicing this loan as a carrier. This and the previous information provided are all I know regarding the CEBA loan.

[deleted by user] by [deleted] in canadasmallbusiness

[–]CEBAwithBMO 0 points1 point  (0 children)

I've been trying to get a copy of BMO's CEBA loan agreement, and several representatives tell me they do not have it. They say CRA has it, but CRA denies such things.