Business debt consolidation combines all of your loans into one, which can lower your interest rates and decrease your risk of accidentally missing a payment. However, debt consolidation isn’t for everyone. Before you combine your loans, learn how debt consolidation works and its benefits and risks.
Editor’s note: Looking for the right loan for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs.
How does business debt consolidation work?
Business debt consolidation is similar to personal debt consolidation. By consolidating all of your business loans into a debt consolidation loan, you can streamline them into one fixed payment and decrease your interest rate, which makes your d…
Read the full article at: https://www.business.com/articles/business-debt-consolidation-faqs/