Loan Consolidation in San Bernadino
August 6, 2019
No matter how big or small your company is, cash flow is likely to be an issue you struggle with. Every business that takes out loans will eventually seek out a way to consolidate all their monthly loans into a smaller, single monthly payment.
This is doubly true when dealing with high interest loans like credit lines and merchant cash advances. High interest loans can place undue pressure on companies with low profit margins, and also make it difficult to raise better funding in the future.
Believe it or not, it is possible to get out of business debt. San Bernadino businesses now have the help of Leo Capital Group’s loan consolidation programs to thank for that.
WHAT IS LOAN CONSOLIDATION?
Loan consolidation is a financial practice that is designed to alleviate fiscal pressure and improve business cash flow. This practice requires business owners to take out a very large loan, and use the funds to pay off the loan debts they accrued prior.
The terms of the consolidation loan are designed to be low interest, which in turn frees up cash flow even more. The fixed monthly payments of the loan make your cash flow planning more predictable, and better still, are typically lower than what you’re currently paying.
HOW DOES LOAN CONSOLIDATION THROUGH LEO CAPITAL GROUP WORK?
If you choose to do loan consolidation through our company, you will have several opportunities open to you. The most popular option is to use a secured loan as your consolidation loan. Depending on your business’s financials, there’s also a possibility that you may be able to get an unsecured loan.
A specialist at Leo Capital Group can help you determine which program works best for the debt you currently have. However, secured loans are usually the best option for most entrepreneurs due to their lower interest rates and payment plans.
WHAT DO I NEED TO GET MY LOANS CONSOLIDATED?
Businesses are all different, so it’s not possible to fully ascertain the exact details about what will be needed. Most businesses that are approved for loan consolidation have average to good credit scores, a decent history of being in business, and are also able to furnish collateral if it’s required.
WHAT KIND OF COLLATERAL DO I NEED?
If a collateral loan will suit your business best, you have several options available to you as far as collateral options go. The most commonly accepted collateral is real estate that belongs to the company or the entrepreneur. In some situations, high value company assets such as equipment can also be used.
LEARN MORE ABOUT OUR LOAN CONSOLIDATION
Right now, there are hundreds of businesses in San Bernadino that are enjoying the benefits of loan consolidation. They are able to increase their profit margins and improve their overall company wellbeing thanks to the stress-free arrangement they’ve created.
Your company deserves to have a better cash flow, and we at Leo Capital Group understand that. To learn more about what loan consolidation can offer your company, give us a call today.
