Loan Consolidation

Offset multiple high-interest debts and free up your cash flow.

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Continue Growing Your Business with Consolidations Offer:

Loans from $10,000 to $5 Million.
Loans from $10,000 to $5 Million.
Terms from 6 to 60 months terms.
Terms from 6 to 60 months terms.
Financial flexibility and freedom.
Financial flexibility and freedom.
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Consolidation involves merging multiple loans into a single new payment, simplifying the repayment process and easing financial strain for businesses.

Consolidations provide your business with the funds to pay off existing balances in one go, offering twice the amount of your outstanding debts and allowing you to keep the remaining funds.
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Reverse consolidations help address cash-flow challenges by providing a weekly influx of capital to cover multiple cash advance payments. If your business is managing several high-interest debts simultaneously, this approach can be beneficial.

Prepayment Initiatives

Save on your financing by paying your loan off early! No prepayment penalties here.

Credit Building

Develop your personal and business credit profiles with on time payment history.

Easy Payments

We make it simple with hassle-free, automatic daily, weekly or monthly payments.

Quick and Transparent Process

1. Complete our short application.

Our quick application process only takes a few minutes to complete.

2. Compare competing offers.

Improve your funding odds and compare offers from multiple lenders.

3. Secure and receive funds.

Accept an offer and get funds as quick as the same day!

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Minimum Requirements

Time in Business

12+ Months

Current Loans/Working Capital

Up to 6 Positions

Annual Business Revenue

$180,000

Frequently Asked Questions

How do I qualify for a consolidation product?

Consolidations and reverse consolidations have slightly different eligibility requirements, but both require the applying business to be current on their existing loan/advance payments. Contact an advisor at 516-262-5269 to learn more.

How many advances and business loans can I consolidate?

Consolidations were created to help deleverage high-interest financial obligations for businesses that are maintaining good payment history despite having multiple advances/loans. Depending on business performance, eligible applicants can consolidate up to 6 advances/loans.

What’s the difference between a consolidation and a reverse consolidation?

A reverse consolidation deposits funds into your business account over an extended term to pay off your current advances, in exchange for a smaller recurring payment. On the other hand, traditional consolidations will provide your business the funds to pay off your existing balances at once.

Can I net additional funds in a consolidation?

While reverse consolidations can also include a small capital infusion to offer additional breathing room, traditional consolidations observe the “net-50 rule” which requires that a business must net half of the funded amount after their existing balances are paid off.

Which consolidation product should my business use?

The ideal consolidation product for your business depends on your situation, but reverse consolidations typically include shorter terms and higher rates. Approvd helps businesses access multiple consolidation options, allowing entrepreneurs to compare and secure their ideal consolidation product.

Is a consolidation always the best option for businesses with current financing?

No, consolidations are not always the solution. Consolidations were designed to help businesses that are constricted by the debt they’re servicing. Consolidations free up cash-flow, however, by purchasing the businesses outstanding balance(s), you effectively compound interest, which can make for a pretty high APR.