The Best Need To Consolidate Debt References. Web the first step to consolidate business debt is to calculate the total debt you owe. A debt relief company can help you reduce what you owe on credit cards by negotiating a lower settlement figure.

Loan amounts usually range from $1,000 to $50,000 with repayment terms from two to seven years. Web the first step to consolidate business debt is to calculate the total debt you owe. Generally speaking, the process of debt consolidation involves taking out a new, lower interest loan and using it to pay off existing debts.