Business debt consolidation refers to the practice of taking out a new loan to pay off any number of other business debts (generally unsecured debts). Multiple separate debts are combined into one new loan, often with more favorable loan terms and conditions. Such terms and conditions may include a lower interest rate, a longer payback period or balloon payment, and/or a lower monthly payment.
Business Debt Consolidation Definition
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Exit Promise under Finance
From http://exitpromise.com 2563 days ago
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