Getting Your Small Business Out of Debt and Back on Track
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.
But the longer you’re behind on payments, you may have fewer options, and you could face collections, lawsuits, and even frozen bank accounts. It could ultimately destroy your business.
What’s more, unsecured business 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 in order to make it easier for you to keep your business afloat while you deal with financial difficulties.
How Tayne Law Can Provide Small Business Debt Relief
Our small business debt relief service was designed with the intent to help small and mid size businesses simplify their debt situation and help free up cash flow. With over 15 years of experience in the debt relief industry, Tayne Law Group has uncovered uniquely effective ways to negotiate with lenders, creditors and debt collectors.
When you decide to enter our business debt relief program as a client, you’ll be backed by our talented team of debt attorneys and settlement coordinators. Together, they’ll work to uncover the best debt solution available to you and help get your business back on track.
It can be difficult to know who to trust when it comes to your money and finances, but with the Tayne Law group on your team we can ensure you that you’ll be in good hands. We’re accredited by the Better Business Bureau and maintain an open-door policy, so you’re free to check in on your matter at any time without the worry of being charged.
Also, because we’re a law firm, we’re held to a higher ethical standard than traditional debt settlement and consolidation companies.
An Affordable Debt Solution
When people hear “law firm,” they typically think expensive. That’s not the case with Tayne Law Group. We understand the need for affordability when it comes to business debt relief services, so we take the time to sit down with our clients to create a strategic and comprehensive payment plan that fits in with the businesses’ financial situation and budget.
We also maintain a strict no-billing policy, so you’ll never have to worry about unexpected fees and charges. If you find yourself struggling with debt you took on to help support your business, Tayne Law is here to help!