Smart Biz may be able to help you consolidate up to 0k in business debt with SBA financing.
Their loans have low rates with ten year terms and monthly payments. Visit Smart Biz You’ll typically know if it’s the right time to consolidate your debt by events that improve your personal or business credit profile.
That’s because you’ll likely be asked to personally guarantee any business consolidation loan.
SBA loans will likely offer you the best rates and longest repayment terms of all business consolidation loan options.
Here are some ways your personal finances might show improvement: Any significant improvement to your personal finances will increase your chances of qualifying for a consolidation loan with better rates, longer repayment terms, and a more convenient repayment schedule.
You should also check your personal credit from time to time to stay on top of what your credit score is, so that you can hit the minimum requirements for debt consolidation loans.
Business credit cards are also likely your only option with 0% rates, even if they only last for the introductory period.
An SBA loan has harder qualification requirements to meet, but they’re typically the best option for debt larger than K.