If you plan to refinance, you may want to start with your current lender.

Company attorney Ed Creel said Nautilus had received new financing from current lenders and that it had spoken to several prospective buyers.

And if you're refinancing, don't forget your current lender.

A small business should talk first to their current lender about obtaining an ARC loan.

"I'm not so sure if you go back to your current lender that you're going to get a better deal, but at least it might be an easier process."

But he said that the board might want to explore the possibility of refinancing or try to renegotiate the terms with the current lender, even with a prepayment penalty.

Its current lenders have said that if they choose not to participate in new loans to the company, they intend to call unsecured loans of $62 million.

Many banks, including Washington Mutual, say they tell prospective customers to first approach their current lenders or mortgage brokers because that can be the quickest and least expensive route to refinancing.

After all, one might assume, the co-op can simply negotiate a new deal with its current lender or find a more reasonable source of financing.

What recourse do I have against the current lender?