Debt Consolidation/Restructuring May Cost More  But Less In The Long Run 

Here is a common scenario:  two years into doing business, things are going well enough.  Revenues are strong, but you used all of your personal credit—a home equity loan and some credit cards-- to fund the start-up, and your personal credit score has taken a beating from it.  As your business continues to grow, you hit crucial points where financing becomes necessary—for vehicles, equipment, or a new location.  Because every expanding business will hit these crucial points, it is necessary for them to build business credit as soon as possible.  By refinancing the personal credit debt into a business loan—even at higher initial rates-- you will improve your personal and business credit scores:  your personal credit by lowering your debt load and putting equity back into your house, and your business credit by borrowing to consolidate those loans and servicing the debt properly.  As your business grows, so will your credit, which will in turn have a positive effect on rates, terms, and conditions.