The clock on the CEBA loan has been reset! The repayment deadline now looms on January 18, 2024. Dive in as we unpack the three crucial repayment paths:
Seize the opportunity for loan forgiveness by repaying right on the deadline.
Venture into the intricate strategy of borrowing from a bank to clear the government debt and snatch the coveted forgiveness – though beware the credit checks and unpredictable market rates.
Or, take the straight road with a 5% interest government term loan – but without the sweet lure of forgiveness.

Key Moments In This Episode
========================
00:00 Overview of Canada's emergency business loan.
01:35 Extended repayment deadline to January 18, 2024.
03:00 Three repayment options explained.
04:24 Methods to extend repayment.
05:44 How bank ties affect loan options & rates.
07:13 Savings & costs of a 7.2% interest rate loan.
08:40 Insight into $60,000 borrowing option.
10:03 Benefits of bank financing with loan forgiveness.




Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].



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