Small business owners seeking to streamline multiple debts can turn to business debt consolidation loans that combine obligations into single monthly payments. Bank of America leads traditional banks with up to $100,000 in funding for newer businesses, while SBG Funding offers the largest amounts at $5 million for established companies. These loans can potentially lower monthly payments and improve cash flow.

Chase provides competitive rates for existing customers with up to $500,000 available through its SBA program, though it requires two years in business. Rapid Finance stands out for speed, offering approval and funding within one business day for qualified borrowers needing up to $1 million. Each lender has distinct requirements regarding credit scores, revenue, and time in business.

Business debt consolidation loans typically feature repayment terms of two to five years, with interest rates ranging from 1.10 factor rate to 6.75% APR depending on the lender. While these loans can simplify payments and potentially reduce costs, borrowers should carefully compare terms, as some lenders charge higher rates for faster funding or more flexible credit requirements. The right choice depends on a business's financial situation, credit profile, and urgency for capital.