Loan Consolidation: How Consolidating Debt Could Get Your Business Back on Track!
108 Greenwich St., 5th Fl New York, NY 10006
For personal assistance, call
877-880-8086
Get Started

FINANCIAL NEWS

Loan Consolidation: How Consolidating Debt Could Get Your Business Back on Track!

Running a small business is tough work. Over the course of your business’ lifetime, you will more than likely need quick access to working capital. Sure you can borrow from friends and family or even tap into savings you put aside, but often times, this working capital will come in the form of a business loan. Frankly, this working capital will probably come in the form of multiple loans, and juggling multiple payments can be rough. You may find yourself falling behind on payments and wondering just how you will pay all of the debt off. Not to worry! Consider a Loan Consolidation.

A Loan Consolidation is a business financing solution that takes all of your existing debts (business loans, merchant cash advances, business credit card debt, etc.) and simplifies them into one loan from one lender or creditor. Many small business owners choose to use a Loan Consolidation when they are faced with impossible debt payments because the solution takes the burden of paying multiple lending institutions off their shoulders. Additionally, business owners, in most cases, will now have lowered interest rates and payments that will only minimally affect their credit score. For instance, failing to make a payment on your Loan Consolidation will only cause one negative report on your credit score, rather than multiple negative reports that would have occurred when you were missing payments on multiple loans.

To add to the benefits of a Loan Consolidation, often times an alternative financing institution that provides the consolidation, such as Excel Capital Management, will also be able to ensure that your business nets a certain amount of money after consolidating your debt. For example, a few months ago, Excel Capital Management’s client, Cetin Tataroglu, was able to have his three debts combined into one with a 21 month payback term. Overall, his monthly debt obligations were reduced to $11,500, and he was even able to net a difference of $95,000 in working capital to work on business improvements. Click here to read Mr. Tataroglu’s Success Story and APPLY NOW to see what kind of Loan Consolidation your business qualifies for!

Back to the list

See what your business qualifies for

Some required fields are empty

Latest blog posts

Most Read Posts

Categories


See what your business qualifies for

Some required fields are empty

Your Trusted Business Funding Provider 

Over $50 Million Delivered Nationwide 

x