Title: 4 steps to easily refinance a business loan | finder.com
Headings: How to refinance a business loan
How to refinance a business loan
You could score a better deal — but only if you know what fees to avoid.
How does business loan refinancing work?
How to refinance a business loan
Compare lenders that offer refinancing for business loans
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Is my business eligible for refinancing?
What questions should I ask before I refinance?
Should I consolidate my debt instead?
What are the benefits to refinancing my business debt?
When is refinancing a business loan a bad idea?
How much does it cost to refinance a business loan?
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Frequently asked questions
Kellye Guinan
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Content: Should I consolidate my debt instead? If your business has multiple loans, especially loans with high rates or short terms, business debt consolidation may be a better choice. Unlike refinancing, consolidation allows you to combine multiple loans into one monthly repayment. While you’ll still end up with a similar end result, consolidation is best for multiple high-interest debts. What are the benefits to refinancing my business debt? Refinancing generally brings with it a few benefits, including: Lower rates. Refinancing can help you find a better APR, which in turn lowers your monthly payments and total cost of your loan. This could open your cash flow to invest back into your business for things like new equipment. Borrow more.