/CNW/ - A staggering 200,000 small businesses (or 23%) were forced to take on new debt to refinance their Canadian Emergency Business Account (CEBA) loans in...
TerkErJerbs
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Yep and the banks won’t lower interest rates. Hmmm…

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.

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

@ikidd@lemmy.world
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27M

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.

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