Up to $500K1,2
Up to 12 years1
7 days a week
DEBT CONSOLIDATION LOAN BENEFITS
With the right planning, a commercial loan can be a powerful tool that empowers
you to achieve your short-term financial goals and long-term growth.
Consolidation takes your existing debts and combines them into a new loan with one due date and fixed monthly payment.
Compared to financing with high variable rates, our loans feature fixed rates, extended terms1, and lower payments.
By decreasing your existing monthly debt payments, you will have more capital available to put back into your business.
A SIMPLIFIED PROCESS
As a hardworking professional, your time is valuable.
We've streamlined the funding process to provide you with a frictionless experience.
Our dedicated team will guide you through the process and help you submit any necessary documents.
We’ll review your qualifications and check your credit, but don’t worry—applying won’t affect your credit score.3
If approved, we’ll make sure your custom loan solution meets your needs and gets funded promptly.
BHG Money creates financial solutions tailored to the unique needs of the country’s top professionals, providing a lending experience built on premium concierge service.
$15B+
Loans funded
A+ Rating
BBB
150K+
Customers
We're commited to serving the needs of our borrowers.
Business Debt Consolidation Loans are specifically intended to cover commercial debt, including: merchant cash advances, commercial working capital loans, business lines of credit, and business credit cards. They may also be used to cover business expenses charged onto a personal credit card.
However, a Business Debt Consolidation Loan from BHG Money cannot be used to cover personal loans, personal credit cards, or other types of personal/consumer debt.
Business debt consolidation is the process of combining your current business debt(s) into a new loan with a single, fixed interest rate.
To get a Business Debt Consolidation Loan from BHG Money, simply follow these steps:
No. Applying for our business loans will not impact your personal credit. We only perform a soft pull of your credit when you apply, so your score will remain intact. After you’re funded, your BHG Money business loan will not be reported to the credit bureaus. However, if your account becomes delinquent, we can report the delinquent trade line to the bureaus.
If you have multiple types of business debt with high and/or variable interest rates—and multiple payment dates to remember each month—business debt consolidation can roll those debts into one new loan.
Unlike many other lenders, a Business Debt Consolidation Loan with BHG provides a fixed interest rate and extended terms—giving you one fixed-rate monthly payment that is easy to manage.
This is a commercial loan. A commercial loan (or business loan) is intended for business use, such as consolidating business debt, upgrading equipment or technology, or expanding to a new location.
A personal loan is intended for personal use, such as consolidating personal debt or improving a home.
Note: You can take out a business loan from BHG Money even if you do not currently own a business. So long as your use of funds is commercial in nature, for example, pursuing a passive income opportunity alongside your day job, business financing is a viable option.
BHG considers you based on the credit and income you provide at the time of your loan application and approval.
Important note: If your employment or income status changes after you receive a loan, you’re still obligated to pay it back based on the existing loan terms.
No, we evaluate a combination of personal and business income, among other factors, to make a loan decision.
No, there is no minimum requirement.
Depending on your existing credit utilization, we may ask you to use a percentage of the loan proceeds to pay down existing debt in order to qualify.
Our Business Debt Consolidation Loan is a secured loan. For commercial loans, BHG Money files a lien on the business via a Uniform Commercial Code (UCC) filing.
The interest rate is fixed.
The typical Business Debt Consolidation Loan customer earns an annual income of $149K/year, has a 721 FICO Score, and an average of 22 years of experience.
¹ Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Finance amount may vary depending on the applicant's state of residence. Call for complete program details.
² BHG Money business loans typically range from $20,000 to $250,000; however, well-qualified borrowers may be eligible for business loans up to $500,000.
Testimonial(s) based on unique customer experience. Individual customer experiences may vary.
For California Residents: BHG Money loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.
