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.
Together with our bank partners, we work to provide a second option for those who do not currently...
We were honored to represent the SBA Certified Development Company (CDC) industry at the National...
Each year, the Inc. 5000 list ranks the fastest growing private companies in the U.S. These...
Spearhead Construction, LLC has all the components for success and, through its relationship with...
For more than 15 years, the NYBDC Foundation has furthered our mission of promoting business...