NEWS & UPDATES

The latest Business Finance news and tips...

Search
  • Mark Smillie

Business Debt Consolidation



One of the things that I get asked regularly is, “Hey Mark, I need some more finance, but I already have three loans, 2 short-term loans and one long term loan that still has 2 years left.”


Most people would agree that this is crazy. Instead of having three payments to make each month, it would be so much more affordable and convenient to just have one.


One of the problems we have had is that Finance Companies have historically been reluctant to lend businesses finance to pay off someone else’s loan.


Well, I am delighted to say, we have spoken to the decision makers at 2 major Finance Companies, and we have been having great success at rolling up and paying off debt.


We are excited at the prospect of helping you free up more finance, for less than your current monthly payments, and at better interest rates.


The great news is, by doing this (consolidating your debt) you help clean your Business Credit Profile.


I’ve got a couple of examples I’d like to talk about, that I think really highlight how successful debt consolidation deals can be.


1.      A business had about £350k owing with several short-term finance companies. This was costing them about £20k a month, but we arranged for all this all to be paid off easily, and we made another £80k available for their business’s expansion. All of this, and their monthly payments are now reduced from £20k a month to about £10k a month.


2.      Another company had 3 short term loans that amounted to £40k and cost them about £2500 a month. Again, now their debts are paid off, and £60k was made available. Their monthly repayments? Now they are less than £1800!


Should you have any business finance requirements, from doing property development, financing new equipment or a car, to a short-term loan for £20k or a £4m loan, then get in touch!


We can arrange finance for non-home owners, loans without a personal guarantee and we deal with businesses of all sizes and all credit ratings.


I have been doing this for 25 years, this lucky man loves what he does, saving you money, time and hassle. During this time, I have built a contact list full of decision makers, with a can-do attitude.


Call me on 07710 466166


I look forward to speaking with you,


Mark

0 views

© Ringrose & Co 2018. All Rights Reserved

  • Black Facebook Icon
  • Black Twitter Icon
  • Black LinkedIn Icon

Ringrose Services Ltd - Company Number: 8944064
Registered Office Verna House, 9 Bicester Road, Aylesbury, Bucks HP19 9AG

United Kingdom | Privacy Policy