Loans for Refinancing Debt
NYBDC term loans can be used to refinance debt that is currently on unreasonable terms (e.g. high interest rates, balloon payment due). Common requests include refinancing business credit card debt used to start or grow a business and “terming out” bank line of credit debt that is no longer meeting its intended purpose.
Line of credit “term out” transactions are done in participation with a Partner Bank. Loan maturities are tied to the useful life of the asset originally financed with the debt to be paid off.
Learn More About:
- NYBDC General Loan Information
- Working Capital
- Buying a Business
- Purchasing Equipment & Machinery
- Purchasing Real Estate
- Veteran Loan Program
- Women & Minorities Loan Program
Subscribe to our mailing list to stay up-to-date with the latest news from NYBDC.
Last week, NYBDC and its affiliates provided more than $3.6 million in financing for purchasing real...
NYBDC and affiliates The 504 Company and Excelsior Growth Fund strive to help small business grow by...
NYBDC and its affiliates finished the month of June strong by providing over $3.2 million in...
NYBDC and its affiliates provided over $1.5 million in alternative financing for small businesses in...
Together with our bank partners, we work to provide a second option for those who do not currently...