If your CEBA loan is with this financial institution, the full balance is due on December 31, 2026. Here is how to repay it, and what to do if you can't.
Rating: 5 out of 5
The Refinance Meter shows how likely you are to get a loan from this financial institution to repay your CEBA balance. It assumes you don't have the cash to repay the loan yourself. A lower rating means you should compare other lenders too.
How to repay this lender's CEBA loan: You could be eligible for a new Meridian loan of up to $40,000 that you can use to repay your outstanding CEBA balance and obtain up to $20,000 in CEBA loan forgiveness from the government. High-level terms of the Meridian loan: A one-time $250 loan fee applies. Interest rate would be Prime +1.25%. Full repayment of principal and interest made over 36 months. Qualified loans disbursed the last week of December 2023. Loan amount would be no greater than your outstanding CEBA balance at the time of funding, less the applicable forgiveness portion. To find out if you are eligible for this loan, please fill out this updated Personal Net Worth statement and e-mail it to [email protected]
Compare lenders that refinance CEBA balances by rate, term and funding speed before the December 31, 2026 deadline. Comparing is free.
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