Refinance your CEBA loan with Meridian
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.