Facing high interest debt? You're not alone. High monthly payments can impair your cash flow and hurt your credit score if you fall behind. In today's high-rate environment, how can you reduce the interest rate on your debt? With the SBA 7(a) Loan -- A Versatile Solution! While SBA loans are commonly used for payroll, inventory, rent, 1099 payments, utilities, marketing, and other working capital needs – they can also refinance high interest debt.
At EzBizFunders, we make it easy to secure monthly-payment based growth capital and refinance your high interest debt. Simply, indicate how much debt you’d like to refinance and how much working capital you could use. The whole process takes less than 10 minutes and doesn't affect your personal credit score. Finish up 2024 strong with fresh growth funds and a lower interest balance.
On November 7th, the Federal Open Market Committee (FOMC) reduced interest rates by 0.25%, lowering our SBA Librium Product’s interest rate to 10.50%. With this new rate taking effect on November 8, 2024, you can save up to $70 on your monthly payment. Below are the approximate monthly payment numbers:
*Assuming an interest rate of 10.50%, which is Prime Rate + 2.75%. Reflects a 0.25% Interest Rate Reduction on 11/8/24 by the Fed / Assuming a Current Prime Rate of 7.75%.
Want to see how much you pre-qualify for? Start by calling us today at 1-800-214-2619.
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