There are a lot of differences between refinancing and consolidating debt. This is what you need to knowShutterstock
When it comes time to make a change to the structure of your business debt, you have a few options available to you as a small business owner. Each aims to make your debt less of a burden over time and reduce the overall cost to you. If evening out your cash flow or knocking a bit off that lifetime cost of your loan (or loans) sounds appealing, you may want to consider either consolidating or refinancing.
Consolidating and refinancing are two different approaches to restructuring your business loans, though you may (confusingly) hear the two terms used interchangeably. Lets explore the …
Read the full article at: https://www.forbes.com/sites/jaredhecht/2018/09/20/refinancing-vs-consolidating-business-debt-whats-the-difference/