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
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Last week, NYBDC and affiliates provided more than $8.5 million in alternative financing to small...
Last week NYBDC and affiliates provided over $9.4 million in financing to small businesses. With the...
Last week, NYBDC and affiliates provided more than $2.5 million in alternative financing to small...
NYBDC and its affiliates are dedicated to helping small businesses access responsible funding...
NYBDC and affiliates are committed to helping small businesses grow and access the capital they need...