Your small business deserves to thrive.

• Merchant cash advance (MCA)
• Commercial debt and commercial loans in collection
• SBA Loans (Small Business Administration)
• Bank loans
• Other business debt

Debt can be detrimental to your small business and peace of mind. If you’re still in the early stages of struggling with your payments, you may be able to work something out with your lender. Some business lenders may offer the chance to pause payments for a period through forbearance or to get on a modified payment plan.

The longer you’re behind on payments and the less funds available to use, the fewer options you might have, and you could face collections, UCC liens, lawsuits, and even frozen bank accounts. It could ultimately destroy your business.

What’s more, unsecured business loans, merchant cash advances (MCA), inventory loans, and small business credit cards typically require you to personally guarantee the debt, which means that your creditors can go after your personal assets for repayment. They’ll also report delinquencies on your personal credit report, which can damage your credit and hinder your ability to get future credit for years to come.

Debt settlement is a form of small business debt relief that allows you to settle for less than what you owe to your lenders. It can also help prevent collection calls, avoid bankruptcy, and limit the damage to your credit to make it easier for you to keep your business afloat while dealing with financial difficulties.
If you’re a small business owner and need to control debt, we’re here to provide support, answer questions, and make a plan to get your debt under control, once and for all.

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Defaulting on a business loan means you’ve gone a period of time without making payments. Business loan default could harm you or your business. Here are a few ways:

• The lender may sue you: For many unsecured small business loans and business credit cards, you sign a personal guarantee which designates someone to pay your debt in the case that you cannot. If you stopped making payments, and your guarantor doesn’t make the payments, the lender may sue you, and you could also get a judgment against you and/or your business.
• You could lose personal assets: If you signed a personal guarantee or run a sole proprietorship and have defaulted on a small business loan, you could be at risk of liens or even seizure.
• You might lose your collateral: If you used your business to purchase equipment, vehicles, or other major assets, the lender might seize your assets as collateral for the money you didn’t repay.
• It can damage your business and personal credit: Defaulting on a small business loan, merchant cash advance, or even credit card debts can significantly impact your business’ credit, which will make it challenging to get approved for financing in the future. Lenders may also report the default to consumer and business credit bureaus like Dunn and Bradstreet, Experian, Transunion or Equifax credit bureaus.
• Your bank account, wages, and tax refunds may be garnished: If the lender sues you and you lose the suit, you’ll have a judgment against you and/or your business. The creditor can then try to garnish your wages and/or freeze your personal,business, or even shared bank account. In addition, that judgment can become a lien against property you own.

Defaulting on a business loan is a serious issue. You may need or want good legal representation, someone who can also help navigate the matter pre-litigation. You’ll certainly want to consider this if the creditor becomes aggressive or threatening.

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• The process of settling your debt could cause even more problems, especially if you’re unfamiliar with the law or the debt negotiation process
• Unless you’re an attorney who does this regularly and knows the ins and outs of the way creditors work, you simply won’t know you’re getting the best deal, and in doing it yourself, you could agree to terms that are worse for you and your business.
• An debt settlement attorney can represent you should your debt settlement negotiations escalate to a lawsuit, legal matter in court, or other legal proceeding.
• A business debt attorney can explain the process to you and act on your behalf as an intermediary between you and your creditor. You probably don’t have the time it takes to deal with this. When you work with us, you can focus on running your business and leave the negotiating to us.

Receiving a judgment can be frightening and stressful. If you’ve received a judgment against your business, we can help you understand what this means for you and your business. Working with an experienced debt relief law firm is beneficial because we can support legal needs, and help negotiate down your debt. We’ll work with your creditors to find solutions that make sense.

We make our services simple for you with one low monthly payment that makes sense with your budget. That payment includes the payment to your creditors. The best part about the process is that, unlike a typical law firm, you will not receive a bill from us for services. Call and find out about how our services can help your business today! (866)-890-7337.

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For many people, debt relief is an excellent alternative to bankruptcy. Bankruptcy significantly drops your credit score and can be challenging to recover from, impacting your business’s ability to obtain credit. Unlike bankruptcy, debt relief options like settlement can help your creditworthiness. With debt relief, you eliminate the debt, free up your cash flow, and allow yourself to have much more control than if you were in bankruptcy court.

And when you work with our law firm, we’ll walk you through the process of avoding bankruptcy and be with you every step of the way. We have an open-door policy where you call as often as you like for updates helping to ease your concerns and allowing us to partner with you during the process. It’s all designed for you to succeed in getting the relief you need from the debts that are currently strangling your business.

Learn more about alternatives to bankruptcy

Creditors are required to report to the three credit bureaus, Experian, Transunion, and Equifax. For business debts, that could also include Dunn and Bradstreet. If you’re behind, it may impact your credit; however, using debt relief to resolve your accounts can positively impact your debt-to-income ratio and improve your creditworthiness. In addition, as the creditors report to the credit bureaus that the accounts have been resolved, you’ll start to finally see the light at the end of the tunnel.

Yes, you certainly can. Part of the evaluation and strategy sessions we’ll have with you when you begin is discussing which cards to leave out if any, and the impact of leaving cards or certain debt out to be paid as scheduled.

There are so many risks when trying to resolve business debt without the help of a debt professional. If you’re in the early stages of struggling with your payments, you may be able to work something out with your lender, but navigating negotiations can be just as exhausting as the debt itself. If you’re really behind on payments, you could face collections, lawsuits, and even frozen bank accounts. The creditors can be threatening and even intimidating, especially when they call numerous times a day and send emails and even texts about the debts you owe. It’s best to let a professional handle it for you and get it done for you.

We work with major banks and creditors such as (but not limited to):

• Bank of America
• Kabbage Funding
• American Express
• Wells Fargo
• Chase
• TD Bank

Call us directly to see if we can work with your bank to help resolve any business debts, (866) 890-7337.