Step 1:
Select a debt consolidation company. Ask for referrals from friends and acquaintances. Look in the local newspaper for companies that offer consolidation services. Call credit unions and banks in your area that specialize in consolidating business debts. Search the Internet for business debt consolidation programs.

Step 2:
Research several companies to compare their services. Carefully read each company's terms and conditions before signing up. Review the terms and plan to negotiate to get good deal.

Step 3:
Look for a program that offers the best possible solution for huge and small debt situations. Choose a plan that covers all of your high interest credit cards and lowers the interest rates on the overall payment.

Step 4:
Stay away from programs that use a home equity line of credit. Only use your home as collateral in an extreme case. A program should let you use the saved capital in your business as collateral.

Step 5:
Discuss all aspects of the consolidation program with a representative. Go over different options that sit well with your business and let you use the resulting saved capital in your business.