Are consolidating


Consolidating at the wrong time can waste your time, damage your credit, or get you a bad loan that can hurt your ability to borrow in the future.We asked Mihir Kroke of Able Lending when the right time to apply for debt consolidation was, and this was his reply: “There are two timelines to keep in mind when consolidating business loans.They may even enable you to borrow additional working capital.Knowing when it’s the right time to consolidate business debt depends on the terms of your existing debt, your business’s current finances, and your personal credit.An SBA loan has harder qualification requirements to meet, but they’re typically the best option for debt larger than $35K.





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