Business Debt Relief Program
3. Business Debt Relief through Restructuring
Many business owners face tough economic times and are struggling from the pressures of debt. If you have concerns over meeting your accounts receivables, bills, invoices, etc., that arrive monthly, you can benefit from business debt restructuring.
Restructuring your debt is a preferred alternative to avoid bankruptcy and to create a repayment program with your creditors that fits within the budget of your business.
If your company has sales over $500,000 a year and have $25,000 or more of debt, you qualify for a debt restructuring program.
Click here if your business does not meet the criteria stated above to review this DIY Debt Solutions Workbook
A debt restructuring program has many benefits:
Save you up to 80% on your business debts
Protect your companyâ€™s assets
Keep your business going and avoid bankruptcy
Focus on your business while a professional team handles your creditors
I have done the research for you and have partnered with a reliable and very experienced firm that will help you effectively negotiate with the various entities you have accounts with. Thatâ€™s all they do. Your debts will be restructured through the negotiation process to create a repayment program you can afford. Your business can be located anywhere in the U.S. to receive this service.
Types of business debt that can be restructured:
Corporate credit cards
If your accounts are already delinquent, you will be helped to minimize the harassing threats, calls, potential repossessions and litigation. The goal is to reach out-of-court resolutions that work for your company.
A debt restructuring program will put you and your business in control of what creditors you want to work with, which creditors you need to continue services with and how much funds are available and when they will be available.
Bankruptcy is the last option and typically the worst option a struggling business can make. In addition to being a very stressful action emotionally, there are a variety of other negative ramifications:
The bankruptcy process typically involves attorneys, trustees, the courthouse and other institutions. It may take up to or more than a year of your valuable time plus considerable expenses from the business. During this time, you effectively give up control of your company to the court and the court appointed trustee.
In addition, in many cases bankruptcy is not an option. Due to tighter bankruptcy laws, the act of filing bankruptcy may cause you to lose your business.
The most long term negative result of bankruptcy is the mark it leaves on your credit. As a business owner, you may need credit in the future. By having filed bankruptcy, you have shown future creditors that you will walk away from your debts. This signifies an increase in risk for lenders and may result in denial of future credits or much higher interest rates.
A Superior Alternative
A much better alternative is Business Debt Restructuring that works with your creditors based on your budget to save you as much money as possible as well as get your debts resolved as quickly as possible. The end result is that you can focus and grow your business and your creditors are satisfied.
The Team that will help provide you with debt relief have been involved in business for over 25 years, hold real estate licenses, have an extensive knowledge in businesses, commercial debt, hard to find loans, and the inner works of banks and commercial lenders.
This experience complements their ability to negotiate settlements with lien holders, banks (credit card companies and mortgage banks), vendors, equipment leasors, and resolve various other disputes. These factors create the ability to assist your business that is experiencing financial difficulty by restructuring your corporate debts into a payment that works with your cash flow and frees up valuable company resources.
Commercial Debt Restructuring Is All They Do
As a result of this focus, the company has the legal documents, strategies, contacts, and understanding of the collection process to give you the greatest possible savings and results for the least time involved.
The commercial debt counseling team has restructured over $75 million in business debts and has been a proud member of the Better Business Bureau for many years.
Every client and company is treated individually. The firmâ€™s use of volume settlements as well as a unique strategy per company gives you an advantage. While every company and debt situation is unique, their strategy of being able to bring a creditor 1 million dollars of debt to settle provides a lot more leverage than settling $15,000. The firm combines both factors - creating a unique game plan for your situation and needs as well as using their volume discount leverage to get you the greatest possible results and savings.
The team uses an honest approach. By combining honesty as well as negotiation strategy, you stay in a good light with your vendors, suppliers, and creditors.
They have a network of lawyers throughout the US to use when needed.
100% Risk Free Service
The Team is confident that they can help your company save money. They can reach settlements or payment plans on your outstanding debts. The firm guarantees this because their compensation is 100% based on the results they provide you and your company.
Bank of America start-up business loan originally in the amount of $25,000 settled for $3,909.85.
Business equipment loan, original amount $50,000 settled for $3,500.00.
Business loan adjustment in the amount of $141,665.13 modified to $85,255.96.
Business equipment lease in the amount of $22,459.61 settled for $7,411.00.
Business loan from Wells Fargo in the amount of $54,564.94 settled for $18,438.00.
Small Business Association (SBA) Loan Adjustment for a loan in the amount of $220,000 that was settled for $60,000.
Business Master Card from 1st USA in the amount of $9,994.45 for $1,499.00.
Get More Information and Help:
Free No-Obligation Consultation
Take advantage of a free, no-obligation and confidential consultation to see how commercial debt restructuring will help you get debt relief and focus on your business while a professional team handles your creditors.
Download the Business Lending Inquiry Form and forward it by email or fax to get started.