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 The 504 Company and Excelsior Growth Fund provided over $2...
We are proud to announce that two NYBDC and affiliate The 504 Company clients have received Small...
We moved from April to May with an incredible week of lending, providing more than $12 million in...
In partnership with the small business banking community throughout New York, New Jersey and...
No matter what stage a business is in, we have a financing solution to support their goals for...