This handy calculator lets you compare CEBA repayment strategies, helping you figure out what could work best for you. It’s a useful tool to gauge what your financing could cost.
We do suggest you have a chat with your bank or credit union. They know your circumstances well and can provide you with some tailored advice.
Just remember, there’s a sweet deal on the table. If you pay off your CEBA loan in full by January 18, 2024, you can get some of it forgiven – that’s either $10,000 for $40,000 loans or $20,000 for $60,000 loans! If you’re a bit short on cash, consider refinancing your loan so you don’t miss out on this great offer.
Select the business risk:
Low = I usually qualify for bank financing.
Med = I usually qualify for alternative lender financing.
High = I rarely qualify for financing from any lender
This financial analysis is provided as a general guide only and should not be relied upon as sole basis for investment or financial decisions. It is based on data and assumptions believed to be accurate at the time of analysis but they may not apply to your specific situation. No warranty is made regarding the accuracy or completeness of the information. Market conditions and economic factors can change rapidly and without notice, which can impact the analysis outcomes. You are advised to consult with a qualified financial advisor before making any investment decisions. This analysis does not constitute financial advice, nor does it take into account your personal circumstances, financial situation or needs.