Understanding Business Consolidation

Reduce interest, eliminate late fees, and get out of debt faster

One of the common complaints that many business owners have is the struggle to juggle multiple small loans every month. Remembering to pay all of your bills can be difficult and forgetting even one can set a chain of late fees and over-the-limit charges that can spiral into a financial mess. Instead of tackling several small loans with varying interest rates and term maturity dates, many savvy business owners choose to consolidate their debt into one larger loan. ProFinance can help you avoid late fees, knock out smaller debts with large interest rates, and get a handle on your finances with our debt consolidation loans. Business consolidation loans go beyond simply combining your debt payments, though. If you have multiple payments due throughout the month that you are always planning for, now you will only have monthly or bi-weekly (depending on your financing terms) payments to take care of. You probably also have some credit cards or other loans with higher interest rates than what your debt consolidation loan offers. Choosing to consolidate may let you pay off your loans much faster than you would otherwise. Taking out loans as a small business is usually a fact of life. It can be expensive to start and run your own company and, if you’re investing all of your time and energy into making it successful you probably don’t have time to get another job to finance your dream goal.
lady applying for a business loan on her laptop

Clients Choose ProFinance for their Loans and lines of Credit Because:

The quick and easy loan process lets you apply in minutes.

Upon approval, you can have your funds as early as the same day.

Our multiple alternative lending options let you choose the financing that fits your needs.


Making Smart Decisions About Your Debt

Loans are also one of the only ways to help your business grow and improve your company’s financial standing. But taking out a loan when you aren’t in a position to shop around for the best terms can put you in a bad situation later when it’s time to pay it back. Even if you can afford the monthly payments, it may hurt your cash flow every month. In short, it’s not a smart financial solution. For businesses that have taken on too many small loans and struggle with keeping up with the many monthly payments or have high interest rates, a debt consolidation loan may be the best way to fix the problem once and for all. By converting your multiple debts into one loan, you have a fixed interest rate that could possibly be lower than some of your current rates, and a regular payment schedule that’s easy to handle. You also get the added benefit of having one term ending date that you can look forward to finalizing. Working with a reputable lender like ProFinance lets you make smart decisions about your debt. By taking control of your monthly payments and multiple payoff dates and combining them into one, you can easily keep track of what you are expected to pay and when that payment will be over. But you should do your research to be sure you know the cons that come with debt consolidation to make sure it’s the best choice for your business. Talk to an agent at ProFinance to find out if debt consolidation or one of our other lending options can help you take control of your business’s finances.

How To Apply:

1. Complete the short application form

Our application process takes less than 10 minutes, either online or on the phone.

2. Choose the lending option that suits your needs

Our agents will let you know which financing options you qualify for and you can decide which one you want to go with.

3. Access your funds

Complete the online checkout and the money is in your business bank account within 24 hours