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As a business owner, you should be concentrating on your business, not on the fluctuations in the market. That’s why an interest rate swap might be just the tool you’re looking for to help provide some financial flexibility. A swap allows a borrower to lock in an interest rate on existing or future variable rate financing. No principal changes hands; there is simply an exchange of interest payments for a set period of time.
When it comes to rates, what goes up, must come down and vice versa. A swap can provide certainty in knowing exactly what your debt service will be and can ensure you’re covered if rates rise. A swap can be applied to all or a portion of the term, or all or a portion of your loan amount. And, a borrower can often receive a longer term fixed rate than they can with typical bank financing.
The interest rate swap process might seem daunting, but, at Wintrust, we have a team of experts dedicated to creating the customized swap solution that best fits your business’ needs. We’re ready to help your business lock in the rates that will serve you in an ever changing market.
Whether your business is looking for short-term funding for operational costs or for fixed asset purchases, we have the expertise to guide you.
As your business expands to new and foreign places, we’re proud to provide the solutions it needs to accelerate across the country and around the globe.
The shift to an ESOP can cause changes in your company’s cash flow. Our experienced team is here to guide you through the process.