Budget

Why Is Your Business In Debt?

Running a business is never easy, and it's certainly never going to be cheap! While the goal of any business is to make money, businesses are also faced with lots of expenditure for many different reasons.

When your business runs short of the cash it needs to keep things ticking over, it means you have to start running up a debt to keep things going. While many business borrow money on a daily basis, whether it's because the business is a start-up or because they are waiting for clients to make a payment, there is a danger that things can get out of control.

Sometimes the amount of debt a business accrues becomes very uncomfortable, and suddenly the threat of having to shut down operations looms large. When things get to this point, it's time to call in some help.

Small Business Loans

It's not just individuals who can take advantage of our free debt consultation services. Businesses can also make use of our expertise as well. Small business loans are often a much more complicated process than when it concerns just an individual, often far too difficult for businessmen to deal with by themselves (they do have a business to run in the meantime, of course!).

But no matter how bad things get, it doesn't automatically mean you need to close down your business, an act that would see all your hard work up till now thrown out of the window.

Creditors are creditors, no matter who owes them money. Whether it's a business or an individual, they simply want their money to be paid - and in order to get it they are more than willing to negotiate. Debts can be restructured so that monthly outgoings are reduced, payment durations can be extended, interest can be cut - and in some situations it may even be possible to negotiate a big cut in the amount owed.

How We Help

A free debt consultation with us is the first step towards saving your business. It opnly takes a few minutes to complete the application, and then we can set up a free face-to-face meeting with one of our debt counselors today.

The process is very easy. We'll ask you for as much information about your business finances as you can provide - profits, expenditure, assets etc, and then we'll also need to know all about your creditors, who they are, how much is owed etc.

Once we have all this information we'll be able to identify the best plan of action to help your business pay off its debts while still being able to maintain its day-to-day affairs. It may be that one consultation is enough for you to reorganize your business finances and stave off your creditors, or if you need it, we can negotiate a more affordable repayment plan with them on your behalf.

Talk to our experts and learn about the options available to your business, it's completely free to do so and you'll be surprised at the number of solutions available! More...