In the process of running a business, debt can pile up quite easily. Business debt generally originates from loans and lines of credit. In his twenty years of experience in the financial sector, David Capriccio has seen many businesses struggle under the weight of mounting business debt. Often, many businesses are forced to reduce in size or close altogether because of unpaid debts. In David Capriccio’s opinion, refinancing is an effective way of reducing immediate debt burden and increasing financial stability. Here, David Capriccio discusses the top three reasons to refinance business debt. Many businesses primarily choose to refinance because it reduces their immediate debt burden. The process of refinancing often lowers incremental payments making the month-to-month financial responsibilities of the business much more manageable. David Capriccio specializes in working with businesses to reduce debt by offering numerous refinancing options. Particularly, David Capriccio works with borrowers and lenders to develop a custom refinancing plan that meets business needs. Second, the process of refinancing often involves a reduction in interest rate. As one of the factors influencing a reduction in incremental payments, a lower interest rate also means less payout over time which saves businesses money according to David Capriccio. David Capriccio points out interest rates do change periodically and advises borrowers to keep an eye on the latest interest-rate trends in collaboration with an experienced financial advisor. Experienced financial professionals, such as David Capriccio, are highly skilled at recognizing trends and helping clients take advantage of low interest rate opportunities. Refinancing can also help businesses create a financial cushion in order to withstand economic changes or fluctuations in business flow. David Capriccio notes that many businesses have found that refinancing allows the option of accruing a financial safety net that can guard against unexpected events. In David Capriccio’s experience, many small businesses have found refinancing to be a lifesaver in terms of sustainability. In addition, many businesses have used surplus funds to expand their scope of practice or hire new employees. David Capriccio has experience working with small and large businesses in numerous industries including corporate finance, manufacturing and distribution, information technology, and insurance brokerages. David Capriccio specializes in providing assessment, evaluation, structuring, and negotiation services to businesses that are struggling with debt and seeking financial stability and growth. Currently, David Capriccio is focused on providing professional financial planning and investment services to small and medium-sized businesses. Based in Toronto, David Capriccio is known for his financial expertise and remarkable business skills. http://www.parkplaceequity.com/park-place-equity-blog/the-benefits-of-refinancing-business-debt#.Ui8mRcakrIo http://www.prnewswire.com/news-releases/sba-announces-support-for-small-business-debt-refinance-198266761.html http://entrepreneurs.about.com/od/financing/a/debtfinancing.htm
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