Debt Refinancing is Challenging Right Now
Frederick S.
Managing Director at MoneyMattersUSA, Advisory LLC and President at Foundation Insurance Services, LLC...Guiding you with proven financial strategies for growth, sustainability and peace of mind for life
There are potential issues with debt refinancing at this time in the current scenario. Let’s break it down.
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The need:
·?????? Smaller companies, developers, and contractors likely have debts.
·?????? There are economic concerns, refinancing now could be a wise move to improve cash flow and manage future obligations.
Community Bank stress:
·?????? Community banks often serve these smaller businesses.
·?????? If stressed financially, community bank’s ability to offer refinancing options or competitive rates might be limited.
Possible solutions:
·?????? Explore options beyond community bank ability to offer refinancing options.
·?????? Strengthen your case: look at options beyond debt financing.
·?????? Make your best business case for funding.
·?????? If debt is preferred, then demonstrate a good credit history and a solid business plan. You may also need collateral.
The takeaway:
Rising interest rates and stressed community banks create a challenging environment for smaller businesses seeking to refinance debt. By being proactive and exploring different options, there is a way to secure financing at favorable rates and terms.
Contact me to explore your options. We have funding available now and when it's gone it's over.
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Watchdog Insurance Agency
8 个月There are other options that can help. If refi isn’t an option then it might be worth looking into a debt elimination gps to guide you to the fastest payoff without changing your budget
Helping business owners and retirees reduce taxes, eliminate debt, and increase spendable income.
8 个月If you would like to learn how to eliminate debt, contact me and I will be glad to put a plan togerther. Most people need to work to eliminate debt.