Feeling weighed down by existing business debt? A Debt Refinance Loan could be your solution. It essentially means taking out a new loan to pay off one or more existing loans, ideally securing better terms in the process.
Think of it like swapping out an old, expensive credit card balance for a new card with a lower interest rate. The goal is to make your debt more manageable and less costly.
Refinancing makes sense in several scenarios:
Lenders want to see that you can reliably handle the new loan. Key factors include:
Ready to explore refinancing? Here's a typical roadmap:
Yes, potentially. While a higher score gets better rates, Khojie works with lenders who consider factors beyond just credit score, such as revenue and time in business. Options like secured loans might be available.
Many types, including existing term loans, equipment leases, merchant cash advances, business credit cards, and invoice financing lines.
Applying for new credit can cause a small, temporary dip in your score due to the hard inquiry. However, successfully managing the new loan and potentially lowering your overall debt burden can improve your credit score in the long run.
Our process is designed for speed. Compared to the weeks or months traditional banks might take, we often facilitate approvals and funding within days to a couple of weeks, depending on the complexity and required documentation.
Stop juggling high payments and complex debt. Explore your refinancing options with Khojie and unlock better terms today.
