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Refinancing / Debt Consolidation
Replace multiple existing business debts with a single new loan — often to lower your payment, extend your term, or simplify managing several lenders into one.
Replacing several debts with one new loan, leaving a single payment instead of many.
Apply NowWho it's for
Businesses or individuals juggling multiple expensive debts with different due dates.
How it works
- 1All existing balances are totalled.
- 2One new loan pays them off.
- 3You are left with a single payment, usually lower and over a longer term.
- 4Total interest may rise if the term lengthens, even though the monthly figure falls.
What to watch out for
Consolidation only helps if the borrowing stops. If the cleared cards or advances fill up again, you now carry both — this is the most common way people end up worse off.
At a glance
- ●Combines multiple debts into one payment
- ●Can lower your payment or extend your term
- ●Underwriting reviews your current financing positions
- ●Good fit for businesses juggling several existing loans
Common questions
Will this lower what I pay overall?
Not always. It usually lowers the monthly payment, but a longer term can raise the total interest. Ask for both figures and compare them honestly.