This article will give an overview of the SBA refinancing process as a starting point when deciding if SBA refinancing is the right solution for your small business.
The pace of industry is moving faster than ever. As technologies and equipment continues to improve, business owners need to make the right decision as to whether they should purchase or lease the tools, technology and equipment they use every day. While there are financial formulas to help you evaluate the cost of each path, the decision is ultimately based on the unique scenario in which you find your business.
While large companies and corporations tend toward massive apartment complexes instead of single-family homes, new construction and acquisitions are helping them capture more of the rental housing market. There remains, however, plenty of opportunity for individuals to protect revenue and build wealth via rental housing.
Refinancing can lower your interest rate, let you cash in on equity, and help you get rid of debt faster.
If your business has seen an increase in outstanding accounts payable, declining cash flow, unresolved near-term debt, and large contingent liabilities, these are signs you could be in trouble. Acting swiftly to address working capital improves the business’s ability to execute a successful turnaround.
A business acquisition loan could be exactly what you need to grow, and that’s why having a great broker is essential to do this process the right way.