The Refinace Meter shows how likely you are to receive a loan from this financial institution. It assumes that you don’t have the money to repay the loan and have an average credit score.
If you don't have the funds to repay the CEBA loan by December 31, 2023, to qualify for the loan forgiveness, Merchant Growth will consider extending a business loan to customers that meet their credit criteria.
If you do not qualify for financing and still would like to take advantage of the loan forgiveness of up to $20,000, click here to understand your options.
The Merchant Growth “CEBA Refi” program has been created to enable eligible CEBA applicants to take advantage of their CEBA loan repayment forgiveness offered by the government.
Much like a business loan, we forward cash to your business up-front, and a daily or weekly payment is made automatically to repay the balance over the following twelve months.
With a fixed repayment on the Merchant Growth loan, small businesses benefit from a lower interest cost (compared to the federal government interest paid over the 3yrs) and enables owners to benefit from the CEBA loan forgiveness program.