What Is Business Loan Refinancing?
Business loan refinancing occurs when a business revises a payment schedule for repaying debt.
Sometimes this includes lowering the interest rate, which then lowers the amount of the monthly payment. Business debt refinancing could also include extending the maturity date on the loan, which also lowers the monthly payment.
Depending on your business, refinancing can mean taking advantage of a lower interest rate or switching to a fixed rate. Refinancing with Choice Funding makes the application process easier and less time consuming than a standard SBA refinancing program.
Why Choice Funding?
Our vast experience and bank relationships enable us to offer a fast, simple and tailored funding solution to maximize the growth of your business in the short and long term.
Our agents are willing to take the time to understand your business and financial situation, while getting you the best rates and repayment terms possible.
Talk to us about your refinancing questions today by filling out the form below or by giving us a call. Let us do the work while you focus on running your business! Get Started Today!