It's Not All About The Rates

Three things to consider when you are looking to refinance a business loan:

1. Why are you refinancing? - a business often refinances to improve its cash flow and get access to more working capital or to purchase an asset that will generate further revenue for the business.

2. When refinancing a secured loan you will usually be able to finance up to 80% of the value of the collateral.

3. The loan period varies, depending on;

• the loan amount
• the security and
• risk profile as determined by the institution.