Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article Best Business Debt Consolidation Loans originally appeared on NerdWallet.
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A business debt consolidation loan is a loan that combines multiple high-interest business debts into one manageable monthly loan payment. If a business owner is approved for a debt consolidation loan, based on factors like the business credit score and income, the loan can offer reprieve through a lower interest rate, longer repayment term, or ...
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Business debt consolidation is the process of rolling your existing balances on loans, merchant cash advances and other debt into a new loan — ideally with a lower rate and better terms. Consolidation can help lower your monthly payments and simplify your finances.
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