Shifting your business debt to a better place with friendlier terms.
Refinancing can be a helpful way to shift your business's debt to a better place with the benefit of different, more favourable terms. This can help reduce your monthly repayments and give you some extra breathing room. How refinancing works is that a business would essentially re-evaluate their current repayment structure, interest rate or credit terms in order to enjoy more favourable interest rates. It's common practice for businesses who have taken out business financing or credit agreements.