While so many businesses are struggling to access finance through mainstream lenders, it’s easy to get stuck with unaffordable debt that is staggering growth and expansion plans.
Some lenders offer interest rates as high as 40%, creating a never-ending lending loop to keep up with the business needs.
Local Communities and Enterprise (LCE) fund can be the perfect refinancing solution offering lower interest rates and better conditions.
Why refinancing debt can be the right decision for you?
You could:
1. Lower Your Monthly Payments - lower interest rates will give you reduced monthly payments, freeing up the cashflow for expansion.
2. Extend Loan Terms - you could extend your loan term up to 60 months to give you the flexibility you need.
3. Consolidate Debt - repay unaffordable debt and save money with one easy loan.
4. Improve Cash Flow - lower monthly repayments will improve your cash flow.
5. Focus on Growth - with more freedom you can focus on growth and expansion.
If high-interest or burdensome debt is holding your business back, consider refinancing with CWRT. Our team is here to provide you with the support and financial solutions you need to thrive.
In the example below, you can see how different interest rates can affect your monthly repayments and overall cash flow.
CWRT is committed to supporting local businesses and fostering community growth through accessible and effective financial solutions. Enquire today to learn how we could help your business grow below.