Repay existing business loans and consolidate loans

Do you have an existing business loan with less favorable terms? With a business loan from Froda, you can pay off, consolidate, or refinance your current loan and create better conditions for your business. By consolidating loans, you can gain a better overview, improve cash flow, and have more control over your company's finances.

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Refinancing a business loan is not about borrowing more. It's about borrowing smarter.

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Why redeem or consolidate business loans?

Many companies have:

• Several small loans from different lenders
• High costs or fees
• Short repayment period puts pressure on cash flow
• Terms and conditions that no longer suit the business

By consolidating existing loans and combining them into a new business loan, you can:

• Get a better overview
• Potentially reduce the total cost
• Extend the repayment period
• Improve liquidity
• Create space for new investments

Refinancing can be a strategic decision to strengthen the company's finances.

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What does refinancing a business loan entail?

Refinancing means that you take out a new loan to pay off one or more existing loans.

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This may be relevant if:

• The interest rates or fees are high
• Cash flow is under pressure
• You want to consolidate multiple loans into one
• The company has grown and gained better conditions

A new business loan can be used to pay off old debts and create a more sustainable structure for the future.

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How refinancing can improve cash flow

An existing loan can affect liquidity more than necessary. If repayments are too frequent or too high, this can limit the company's room for maneuver.

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By consolidating business loans, you can:

• Adjust the repayment to current turnover
• Create a more stable cash flow
• Reduce the administrative burden
• Gain better control over your company's debt

For many companies, refinancing is a way to regain control.

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When is it appropriate to refinance a business loan?

It may be the right time to repay an existing business loan if:

• The company has improved creditworthiness
• Sales have increased
• You want to invest but are locked into old terms and conditions
• You want to consolidate loans and simplify your finances

Changing your business loan can create better conditions for the next phase of growth.

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How to repay loans with Froda

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1. Apply digitally in just a few minutes
2. Get a quick response
3. Use the loan to pay off existing loans
4. Get a repayment plan that suits your business

You do not need to provide collateral in the form of real estate or machinery. We make a comprehensive assessment of the company's situation.

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Frequently asked questions about resolving business loans

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Can I use a new loan to pay off an old one?

Yes. A business loan can be used to refinance or consolidate existing loans.

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Is it worth collecting corporate loans?

It may be if you get better terms, improved liquidity, or simpler administration.

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Does refinancing affect the company's credit rating?

It depends on the situation, but more sustainable debt can strengthen the company's finances over time.

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How quickly can I repay my existing loan?

The application is digital and you will receive a quick response. Payment will be made shortly thereafter.

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Can I consolidate multiple loans into one?

Yes, many companies use refinancing to consolidate multiple loans into a new loan.

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Do you want to consolidate or refinance business loans?

By paying off existing loans, you can create better structure, strengthen liquidity, and gain control over your company's finances.

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Apply today and receive a quick response.

Want to see more ways to use a business loan?

Explore all our business loan options and find the right financing for your needs.