Economic Injury Disaster Loans
Usually, I'm pretty debt-averse in my financial decisions, but I also have to acknowledge the fact that we are living in pretty strange economic times. In the worst-case scenario, this SBA loan could help me stay afloat for a few months. With my mortgage currently at $1,500 per month, the loan could cover that for at least nine months.
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This is not smart. You will never earn more interest than what you are paying back for the loan. Only take a loan hen you need it and for things that will earn you more than you are paying in interest
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