Over 200,000 small businesses took on new debt to repay their CEBA loan
![](https://supermeter.social/media/cache/resolve/entry_thumb/ca/d3/cad3ba7392179dc4890655b91b37f9d1f933ffca92def4b815f5be1fb68a9188.jpg)
TerkErJerbs, Yep and the banks won’t lower interest rates. Hmmm…
corsicanguppy, When has it ever been cool to take out a loan to pay off other debt?
I hope these new loans are at decent rates.
ikidd, ![]()
There was an extra year given on top of forgiving part of the loans, if they didn’t do that, then that sounds like bad planning.
Goodtoknow, ![]()
I’m in debt under ceba, Not taking out other debt to pay though which seems dumb because the interest rate is so low (5%) Ama
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