Consolidating business credit card debt who is young buck dating
That challenge can quickly become a never-ending cash flow nightmare.Debt consolidation can help you face and solve this nightmare.You need to have an established business with a good cash flow to qualify, but rest easy, because these loans are backed by the Small Business Administration.There’s a lot of paperwork here as well, which might deter you, but the interest rates are hard to argue with. Funding Circle is one of the major stars of the fintech boom.As of 2012, there were 5.73 million businesses with fewer than 500 employees.What’s more, 30% of all jobs in the United States economy are currently held by the self-employed.The category you fit into can have a big impact on how easily you’ll qualify for debt consolidation or refinancing, and what interest rates will be available to you.offered by different alternative lenders, it’s no wonder that borrowers frequently find themselves committed to loans with terms they don’t fully understand.
That might or might not involve a lower interest rate, but it is not, strictly speaking, refinancing.
So like we said, this is mostly for larger, more established businesses, but it can be a viable option if you fall into that category.