Why consolidate business debt?
If you're struggling with multiple high-cost debts, you're not just paying interest you're sacrificing stability, cash flow, and peace of mind.
If you have two MCAs pulling from your account daily, you're watching money leave before you can use it to run your business. Consolidation converts those daily hits into one predictable monthly payment.
Multiple high-rate loans compound the problem. A 35% APR term loan plus two MCAs at effective rates of 60%+ means you're spending a fortune on financing costs instead of growing your business.
Tracking multiple payment dates, wondering if you have enough in the account, fielding calls from different lenders—that's time you're not spending on your actual business.
One loan at a lower blended rate with monthly payments gives you breathing room and clarity.
Depends on your current rates and terms. If you're paying 60%+ effective APR on MCAs, yes. If you're consolidating low-rate term loans into a higher rate, maybe not—but you might still benefit from improved cash flow.
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Maybe. Recent late payments make approval harder but not impossible. If you're currently defaulted, options narrow significantly. Address this before it gets worse.
We can often include working capital in the consolidation loan if you qualify. This gives you breathing room beyond just paying off existing debt.
The new loan appears on your credit, and multiple old accounts show as paid off. Short term impact is usually neutral or slightly negative. Long term improvement comes from having one manageable payment you can actually make on time.
Private consolidation loans: 24-48 hours after approval. SBA consolidation: 3-6 weeks. The sooner you start, the sooner you're out of payment hell.
We look at partial consolidation (paying off the most expensive debt first) or alternative structures. If consolidation truly doesn't work, we'll tell you and help you explore other options.
What business owners are saying
Real feedback from real founders
They turned complex financial challenges into smooth solutions — and made the process enjoyable.
The team at ChatBiz Finance are knowledgeable and seasoned professionals, further strengthened by an entrepreneurial spirit. I highly recommend them.
ChatBiz made it easy from day one. They advised me on my bookkeeping and helped me get approved when I really needed clarity and support. They’re true experts who got me the best structure for my financial goals.
derail your business
pressure. Our SBA specialists will provide honest
guidance tailored to your situation.
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