Benefits of Refinancing & Consolidating Business Debt + Merchant Cash Advance (MCA) loans include:
One monthly payment
Fixed interest rate
One lender
Flexible terms
Working capital
Debt Refinancing and Consolidation is the process of replacing multiple loans with one single loan. This reduces the number of creditors you are paying by consolidating your debts into one payment through a single lender.
Typically companies are overleveraged with different sources of debt, and Business Debt Refinancing consolidation can help with debt management and potentially reduce monthly payments and improve cash flow.
When Refinancing and Consolidating debt with one lender, that lender may give the option to extend the term on a loan, thereby reducing the total monthly payment. Paying less each month can increase cash flow and allow more flexibility with seasonality or opportunities for business expansion.