A quick funding process that offers debt consolidation business loans to business owners.
Last Updated on April 9, 2025
Shield Funding TeamA debt consolidation business loan helps businesses combine multiple debts into one loan with a single monthly payment. This can make managing finances easier and reduce costs, especially if the new loan has a lower interest rate. Instead of keeping track of different loans, credit cards, or merchant cash advances, businesses can streamline payments and improve cash flow.
These loans can be secured (requiring collateral) or unsecured (based on creditworthiness). Lenders consider factors like credit score, revenue, and overall financial health when approving a loan. By consolidating debt, businesses can lower their monthly payments, reduce financial stress, and focus on growth instead of juggling multiple bills.
Apply For Your Business Loan Today!
What Do I Need to Qualify?
Below is a list of the general requirements to get approved for business funding with our basic program.
How Do I Apply?
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at:
OR
A business line of credit works much like a credit card—you’re approved for a maximum credit limit and can withdraw and repay funds repeatedly. This makes it a great option for covering day-to-day expenses like inventory, marketing, or bar decor. With high-turnover items like bar inventory, having ongoing access to funds ensures you can restock as needed without financial strain.
Beyond everyday purchases, a line of credit is also useful for handling unexpected expenses or seizing business opportunities. Whether you need to repair a broken keg cooling system or invest in a last-minute event, having pre-approved funds means you can act quickly without waiting for a loan approval.
Additionally, a business line of credit can be a smart tool for refinancing or consolidating high-interest debt. If you have outstanding business loans or credit card balances, you may be able to use your line of credit to pay them off at a lower interest rate, typically ranging from 5–10%. With revolving credit limits of up to $250,000, this financing option gives businesses the flexibility to manage cash flow and reduce overall debt burdens while still having funds available for growth.
We work with borrowers who have a credit score of 650 or higher, have been in business for at least six months, and generate at least $10,000 in monthly revenue. Additionally, we require a minimum of five monthly deposits to qualify for a business line of credit.
Businesses have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking your inventory, refinancing debt, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a business.
Like our term loans, you can get up to $1,000,000 in working capital. You still get the option of terms between 12 and 36 months and interest rates from 9–45%. You’ll need to have two months in business, and at least $10,000 in monthly revenue to qualify. You’ll also need a credit score of 650 or better.
If you meet these qualifications, you can get the funding you need to cover any expense you might come across, from an emergency repair to making sure your stock is full of inventory.
Apply for Business Loans for Debt Consolidation!
Work with Shield Funding and get debt consolidation business loans as fast as the same day. Shield Funding helps secure competitive rates on all it’s funding programs. Apply now with a trusted name that has been helping business owners secure working capital for two decades.
Axos Bank offers personal loans for debt consolidation, allowing you to combine multiple high-interest debts into a single loan with fixed monthly payments. amounts range from $7,000 to $50,000, with repayment terms between 3 to 6 years. The application process is straightforward, and funds can be available within two days of accepting the final loan offer. No collateral is required, and there are no prepayment penalties.
A debt consolidation business loan helps businesses combine multiple debts into one loan with a single monthly payment. This can make managing finances easier and reduce costs, especially if the new loan has a lower interest rate. Instead of keeping track of different loans, credit cards, or merchant cash advances, businesses can streamline payments and improve cash flow.
These loans can be secured (requiring collateral) or unsecured (based on creditworthiness). Lenders consider factors like credit score, revenue, and overall financial health when approving a loan. By consolidating debt, businesses can lower their monthly payments, reduce financial stress, and focus on growth instead of juggling multiple bills.
Business loans for debt consolidation offer a practical way to streamline your finances by combining multiple business debts into a single, more manageable loan. Instead of juggling several payments with different interest rates and due dates, a consolidation loan allows you to make one monthly payment—often with a lower interest rate. This can help free up cash flow, reduce stress, and improve your overall financial stability.
Consolidation loans are also helpful if you want to simplify bookkeeping, avoid late fees, or eliminate high-interest short-term loans. Whether you’re managing credit card debt, equipment financing, or merchant cash advances, a debt consolidation loan can give your business the breathing room it needs to stay focused on growth and long-term success.
Before moving forward with a business loan for debt consolidation, it’s essential to take a close look at your finances and determine how much you can comfortably afford to repay each month. Review your revenue, operating costs, and current debt obligations to understand how consolidation will affect your cash flow. While combining debts can simplify payments and potentially lower interest rates, it’s important to consider the total repayment amount, loan term, and any fees involved. If not properly managed, consolidating debt could extend your repayment period or increase overall costs. Make sure the new loan terms align with your financial goals and won’t put added pressure on your day-to-day operations.
Before applying for a business loan for debt consolidation, it’s important to clearly define how the funds will be used and what debts you plan to combine. Consolidation is most effective when you have multiple high-interest or hard-to-manage loans and want to simplify repayment under a single, more manageable structure. Knowing exactly which debts you’re consolidating and how much you owe helps you borrow the appropriate amount and choose repayment terms that align with your cash flow. A clear plan ensures the new loan not only reduces financial stress but also supports your broader business goals by freeing up working capital and improving long-term financial stability.
Our business loans for debt consolidation are a strong option if you’re looking to simplify your payments and reduce the cost of high-interest debt. This type of financing typically requires a fair credit score, so if yours is below 650, our business cash advance programs may be a better fit. Consolidation loans can be especially helpful if you’ve taken out multiple short-term loans and are struggling to manage several repayment schedules.
However, it’s important to consider a few key factors before applying. Since consolidation loans are designed to restructure your current debt, the repayment terms may be shorter and require higher payments than you’re used to. It’s also crucial to understand the total cost of the loan and ensure it actually improves your financial situation rather than adding strain. Taking time to evaluate your cash flow and business goals will help you decide if a debt consolidation loan is the right solution.
Several factors determine whether you qualify for a business loan for debt consolidation. While your credit score is considered, lenders typically place greater emphasis on your business’s financial performance. They’ll look at how long you’ve been in operation, your monthly cash flow, your recent bank activity, and your overall financial stability. Lenders may also evaluate your existing debt load, your repayment history, and how well you’ve managed your financial obligations to date. Because consolidation loans aim to restructure and simplify your existing debt, a clear picture of your ability to repay under new terms is key to gaining approval.
With a business loan for debt consolidation, repayment typically begins soon after the funds are disbursed and is handled through automatic daily or weekly withdrawals from your business bank account. If you’re enrolled in a daily plan, payments are generally deducted on business days, Monday through Friday, excluding holidays. Weekly repayment plans involve one set payment each week. This repayment structure helps break down your total loan into smaller, more manageable amounts, making it easier to maintain cash flow while staying on top of your financial obligations. It’s a straightforward system designed to simplify your payments and support your long-term financial stability.
The cost of a business loan for debt consolidation is typically based on the factor rate and the length of the loan term. For example, if you receive a $20,000 loan with a 12-month term at a factor rate of 1.15, your total repayment would be $23,000, which includes $3,000 in financing costs. Unlike traditional interest rates that accrue over time, a factor rate is fixed and applied upfront, so you know exactly how much you’ll repay. Your repayment schedule—whether daily or weekly—will determine how those payments are distributed over the term. This setup offers clear, predictable repayment terms while helping you consolidate multiple debts into a single, more manageable payment.
This is likely one of the most important benchmarks you will use to compare lending options. If one lender offers a better interest rate than the other and all other things remain the same you can have a good idea of the rate comparison. You must keep in mind that different products such as credit cards or car loans work using traditional financing interest rates and APR, but many alternative funding programs quote in a factor rate or annualized interest rates so try to compare options based on the types of loans they are most similar to. And ultimately it will come down to what you have to pay back when all is said and done.
When comparing lending options, whether quoted in factor rates, interest rates, or any other framework, what is most important is what you will pay back when all is said and done. For this reason you should always try to look at what you will pay over the entire life of the loan.
Consolidating debt can initially cause a small dip in your credit score due to a hard credit inquiry, but over time, it can improve your score by reducing your credit utilization and making payments more manageable. Timely payments on the new loan will further boost your credit.
Yes, some lenders offer business debt consolidation loans to borrowers with bad credit, though interest rates may be higher. Providing collateral or demonstrating strong business revenue can improve your chances of approval.
You can consolidate most forms of business debt, including credit card balances, merchant cash advances, short-term loans, equipment financing, and high-interest working capital loans. Some lenders may have restrictions on certain types of debt, so it’s important to check before applying.
Approval times vary by lender, but some lenders can approve and fund a consolidation loan within 24 to 48 hours. Traditional banks or SBA-backed loans may take longer, sometimes several weeks.
Yes, some lenders charge origination fees, prepayment penalties, or administrative fees. It’s important to compare loan terms to ensure that consolidating your debt actually saves you money in the long run.
If you’re struggling with multiple high-interest debts and making several payments each month, consolidation can simplify your finances and lower your overall costs. However, if your business is in financial distress, other options like debt restructuring or negotiation may be better suited.
Don’t just take our word for it…
