When you take out a new loan to pay off your old business loans and debt, you are referred to as business debt consolidation.

https://grantphillipslaw.com/merchant-cash-advance-faq/
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Consolidate Business Debt - Grant Phillips Law PLLC

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When you take out a new loan to pay off your old business loans and debt, you are referred to as business debt consolidation.

https://grantphillipslaw.com/merchant-cash-advance-faq/

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