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Small business loan refinancing: What you should know
Business loan refinancing can lower borrowing costs, but when is it the best option?
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
About the author
Pippin Wilbers is a Bankrate editor. He joined the personal loans team in 2024, though he's also contributed work on the auto loans, credit cards, student loans and small business loan verticals. Pippin is passionate about demystifying complex topics, such as car financing or finding the best personal loan, and helping borrowers stay up-to-date in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with reporters Hanneh Bareham and Denny Ceizyk, he analyzes industry data and trends and asks: "What does this mean for borrowers?"
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading, and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
Business loan refinancing can lower borrowing costs, but when is it the best option?
Establishing and building business credit can help you to grow your company.
Establishing and building business credit can help you to grow your company.
If you need capital for a business, consider a small-business loan or credit card.
How much does it cost to open a small business? It depends on your industry.
How much does it cost to open a small business? It depends on your industry.
A quick small business loan may give you access to funding in less than a week.
A lease stipulates that you’ll make payments on the car until the lease is over.