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.
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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