Business financing for the wood industry
Voici la traduction en anglais : Financing the Wood Industry with PrestaFlex Forestry, sawmills, timber trading, carpentry/joinery/cabinetmaking, panels…
Debt Consolidation
MAKE IT SIMPLE, WHEN IT IS COMPLICATED
What is a debt consolidation?
Debt consolidation is an approach, that consists of consolidating all your outstanding credits, leasing, and other liabilities with a single entity to simplify your life. In fact, this entity will become the only contact person for you, which has many advantages.
Companies usually have couple of small lenders, like 2-3 bank credits, leasing, family loans, etc., which need to be re-negotiated and sometimes extended. This brings a huge complexity for the company financials and takes lots of valuable time for the business owners. Debt consolidation will give you an important advantage to move forward and obtain the necessary liquidity, but not only that.
What other benefits you could get?
Considerable time saving as there is only one invoice to pay to the lender.
Lower costs because in general the interest rate is optimised in relation to your other accumulated debts. A potential saving of 20 to 30% is realistic for the company debt.
Possibility of adapting your monthly payments in line with your current financial circumstances.
Removing certain banking constraints and have more flexibility.
In summary
Do not wait till the last minute, better act in advance if you have outstanding company debts and difficulties to manage or meet them, contact our financial experts and discuss a debt consolidation solution to meet your needs.
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