Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

Is it Time to Refinance your Business?

Is it Time to Refinance your Business?
Free Download - How can Outsourcing Help Small Business Grow Fast By Carrie Langstroth
Name: Email:

Timing is everything in business. Timing can make or break a business deal, mean the difference between a sale and no sale, or even affect the very state of our company finances when refinancing a business. We now live in an age where the economy is at the forefront of many people's minds. Company owners are no different than the rest of the population in that we see all of the reports that are being conducted regarding the state of the world's financial situation. However, we also know as entrepreneurs that this very well may be an excellent time to take advantage of a potential savings that a loan refinance could provide for our company. A number of factors should be looked at when considering a refinance. The 2 most important considerations a business should take into account when pursuing a refinance of their business loan are shown below:

1. The present interest rates on loans are a crucial factor to think about when focusing on a decision of this magnitude. It may not make sense or cents for that matter to refinance your small business loan if you are not able to obtain a new loan with a lower interest rate than you have at the present time. The goal of changing the terms of your loan is to acquire a lower payment that will allow you to have better cash flow when the month is over. Look for rates that are more than 1.5 percent lower than your present interest rate to determine the validity of a business refinance.

2. The second factor that you must consider with a business refinance is your own personal credit. Due to the battered condition of many of the financial institution of the world, banks would like to see borrowers who have better credit scores apply for a refinance. Knowing the condition of your credit will arm you with the knowledge that will help you to ascertain if now is a suitable time to refinance the terms of your current note. Going to an online site can get you exactly the information that you are searching for quickly, so that you will not be in the dark when it comes to any items that may be seen negatively by the lending authorities. Fortunately, you may find that your credit report reveals that you are a better candidate for a refinance than you previously realized.

Following the above steps are important when it comes to the refinancing of a business loan. The time may be right now to refinance or it may be best to wait until another time. One thing is for certain, you need to count the cost and do what is best for your business so that you can survive the recession that is plaguing so many company owners. Knowing your credit score, the interest rates that currently exist, and any negative information that may be appearing on your credit report are all essential to determining whether it is time to refinance your business. You make the choice as the company owner, but please use the tools that are all readily available.





Is it Time to Refinance your Business - To learn more about this author, visit Carrie Langstroth's Website.

Like this article? Share it with your friends

Article Tags:

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback
Michiel Jonker
As a Certified Information Systems Auditor, Michiel assists businesses in a professional capacity by evaluating the threats to their businesses. He acquired the necessary knowledge, skills, and techniques to minimize a business owner’s risk of business failure and to maximize his chances of high growth and success. He strongly believes that you CAN maximize your chances of business success, by implementing the business solution he has advocated for more than 12 years in your business plan and planning. Michiel has decided to share his experience with business owners by putting almost everything he knows in a business plan and survival guide (compiled in an e-book format) and written as a high growth SMB coaching course for SMB business owners, directors and managers - titled as the “Survival Kit for Small and Medium Businesses - Profit from your Business Risks!” According to Michiel, his goal was to add new techniques to a business owner’s business planning survival kit and instruct him or her in using these in the future - without any help from a consultant! For more information about the benefits of implementing profit protection planning in your business, please visit: http://www.business-around-the-globe.com - Visit Michiel Jonker's Website

David Barr
David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website

Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website

Casey Gollan
Casey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website

Kim Castle
With nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website

Jeff Foster
WebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas.  We specialize in internet consulting & internet marketing
- Visit Jeff Foster's Website

David Acheson
David Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns.  David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website

Leanne Hoagland-Smith
Are your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website


To learn more about the Evan Elite Author Program please contact us.

 About The Author


Carrie Langstroth
(Visit Carrie's Website)

Carrie Langstroth has a background in finance.  She was the Chief Financial Officer for one of the fastest growing property management and development companies in the country.   She retired from this career and has started pursuing other business interests.  She looked for a business that offered flexibility both in location and time.  She positioned herself as a Master Consultant with internet marketing and has excelled in leadership.  Learn more about this revolutionary business that can change your life. 



Carrie Langstroth is a Platinum author on EvanCarmichael.com
 About The Author

 Author Blog
 Author Blog

 Video
 Video

 Free Downloads


Carrie Langstroth's

Complete
List Of
Home-Based-Business
Articles

Name
Email
If you enjoyed this article, get Carrie Langstroth's Complete List of Home-Based-Business Articles For FREE!

More Carrie Langstroth
Motivate Yourself to Success
Qualities of a Leader Part 1
Set Goals and a Definitive Purpose for your Business
How to use Articles to Promote your Online Business
Home Business Owners Need Vacation Time Also
Creating an Effective Marketing Plan for Your New Business
Social Media Marketing for your Business
How to Manage Your Home Business around Vacation
Use Your Subconscious Mind to Remove Mental Blocks
Develop Social Media Sites for Personal Branding
 Free Downloads

Referred by: http://jaykubassek.com



 
 
 


Evan Elite Authors
Dianne Crampton  
John Alexander  
Marcus Arkan  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video




Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Challenges Of Change Icon Challenges Of Change
Business Wisdom Icon Business Wisdom
Benefit From Analytics Icon Benefit From Analytics
2009 Economic Outlook Icon 2009 Economic Outlook
Network More Effectively Icon Network More Effectively
Free Downloads - Complete List

Entrepreneur Tools and Guides
Top 50 SEO Posts of the Year
Top 50 SEO Posts - 2008
Top SEO Posts of the Year
 
Top 50 Marketing Blogs
Top 50 Marketing Blogs
Top Marketing Blogs of 2010
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Véronique Goumenou Assahoun, Togo,
Véronique Goumenou
Assahoun, Togo
SEO For Africa

If I Were A Startup...
Robert Iachetta, $372k to $921k in 2 years
Robert Iachetta
$372k to $921k in 2 years
Catherine Daw, > $4 Mil in revenues
Catherine Daw
> $4 Mil in revenues
If I Were A Startup... - Complete List

Famous Entrepreneurs
Trip Hawkins, Electronic Arts
Trip Hawkins
Electronic Arts
Andrew Carnegie, Carnegie Steel
Andrew Carnegie
Carnegie Steel
Famous Entrepreneurs

Entrepreneur Advice
Michael Gerber, The E Myth
Michael Gerber
The E Myth
David Allen, Getting Things Done
David Allen
Getting Things Done
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     Preparing for Questions Asked at Interview
By Lisette Howlett
     Kicking off a project
By Lisette Howlett
     Overcoming Barriers to Creative Thinking
By Lisette Howlett

Have A Suggestion?

Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!

Have A Suggestion?

More Evan Carmichael
More Information