What Elements Should Be Considered When You Are Searching For A Quality Corporate Debt Restructuring Company?

Options To Eliminate Your Business’s Debt

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It is not uncommon for small or medium sized businesses to face problems when they are first beginning. It can be very easy to find your small business falling into debt due to all the costs including rent, equipment, wages, taxes and others. Many people become concerned that their only option is to simply give up on their business or file for bankruptcy but there are many options for corporate debt settlements that will leave your business still functional. Here are some of the options. 

Renegotiate

If your business has several large debts and you know there is no way to pay them off, a great option is to renegotiate with the creditor. Corporate debt settlements and renegotiations are possible because the creditors know they would lose a great deal of money if you file for bankruptcy. Therefore, by renegotiating or settling the debt, they will guarantee they receive at least a partial payment as opposed to nothing, which is what would happen if you filed for bankruptcy. 

Corporate Debt Restructuring

One of the best options for a struggling small business is corporate debt restructuring. This is a great option for businesses that have old debt in addition to newer bills that need to be paid and are having issues paying them all. It is also a great option if you have already renegotiated your older debts and despite this are still not able to meet the payments. With corporate debt restructuring, you can eliminate or greatly reduce your debt without having to cut down on staff or equipment. 

Consolidation Loans

Another option to help eliminate your business’s debt is to apply for a consolidation loan. By doing this, you will be able to consolidate all of your current debts into one single loan, greatly reducing your financial burden. This option also eliminates the need to choose which debts to pay off first as you will only have one to deal with.

6 Benefits A Little Debt Can Do For Your Business

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If you haven’t previously considered cash advances for your business now is a good time to do so.  Getting a push with the economy the way it is can provide you with many different directions to take the company.  Consider the following benefits a cash advance can provide:

Securing New Inventory

We all love it when new products become available.  Unfortunately they are not always coming out when the time is right for our business.  A cash advance can make it possible for you to get it while it’s still hot.  It can help you fill your shelves as well.  Sometimes a little extra capital is needed to make sure you have money to handle promotional inventory.

Making Additions

Perhaps you’re looking to ad-on to your building and getting the capital for that can be difficult.  A little more room could make business really pick up.  A great way to handle this is with a little extra cash and a loan can do that.

Marketing Plans

Creating a marketing plan can be exciting until you start putting a price tag on it.  The budget can be hard to swallow once you've added all the numbers up.  A small business loan can help you make these plans come true and your business grow.

Pay Down High Interest Debts

You don’t want to keep letting money fly out the doors and are likely scared of more loans.  A good cash advance can help settle those debts that are high interest.  You can also consolidate the debts together and then only have the cash advance to pay back.

Covering A Move

A cash advance can be critical to assisting with a move.  The extra money will be needed for moving vans, boxes, tape or even leases.  Whatever you’re looking for you’ll be able to get with the use of a cash advance.

Last Minute Repairs

It happens to the best of us, something large or expensive breaks down and you’re scrambling with trying to figure out how to pay for it.  A little extra capital can help bridge these gaps. 

Simple Guide To Funding A New Business

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Working on a new business can be exciting and very tiring.  There will be no end of work to be done and many late nights ahead of you.  In addition there’s going to be the issue of money.  Getting a new business off the ground costs a lot of money and there are a few different ways you can decide to handle it.

Keep Your Costs To A Minimum

When you are applying for a loan or looking to open a new business you will need to gather information on expenses.  Make sure when you are composing what you’ll need to configure at the most basic level and then build from there as you start making money.  This will help insure you don’t get a bigger loan than you need as well.

Get It Going Quickly

You will want to hit the ground running because that’s the best way to get more capital to pay expenses down and to expand business further.  Before you get started with securing the finances be prepared with a plan to get that first sale and the next sale and so on.

Don’t Underestimate Other People’s Money

You can get a loan or cash advance and get started right away with your new changes.  In addition to looking here you can look to personal investors.  This money can be used to secure your building, inventory or marketing.

Don’t Underestimate A Solid Business Plan

It doesn’t matter how you decide to secure the capital there is nothing that can replace a business plan.  Good paperwork, research and writing have won more than one person the money to get their new business off the ground.  Take the time and utilize some of the many resources that can be easily found online so that you can get your plan together.

We at American Corporate Turnaround can work with many specialized lenders that provide a wide range of business financing options.  Give us a call at needs 800 754-1541 to discuss your.

What Can I Do To Make My Collection Calls Easier?

Collection Calls Can Be Made Easier With These Tips

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Making calls to your accounts receivables can be difficult, time consuming and stressful.  You don’t want to leave that money out there when it could be doing things for your business.

Make Sure You’re Prepared

Get paper, pens and all the numbers and client information you need in one spot.  If you have all your information directly at your fingertips those phone calls will be significantly easier to make.  You won’t be fumbling for numbers or other information because you’ll have it at hand.

First Call

If it’s that initial call, be warm and friendly but stay professional.  With your details handy you’ll be able to answer any questions that pop up.  Make sure to ask questions as to why the payment is delayed as well as get information on when they think they’ll be able to make a payment.

Get Composed Ahead Of The Time

Another great way to make calls on accounts in receivables really count is to be fully composed.  A great tool for making this happen is to create note cards with phrases you’ll be utilizing and things you’ll say.  In addition to this, have a few sentences memorized or noted that you will use for most phone calls.

Avoid Certain Times Of Day

No one wants to be interrupted while they are eating, especially regarding a debt.  Pay attention to the clock and set the phone call up to go very well.

Get Ready For The Excuses

You’re going to want to be prepared to deal with the wide variety of excuses you’ll hear; some legitimate and others not.  Have ideas ready to combat them so you can move forward with a plan to pay off the debt.

Nail It Down

As you discuss what is owed make sure to emphasis when the next payment needs to be made.  Pin this down with a date and repeat it so that it’s remembered. 

Business debt recovery is not always a simple process, collection tactics will vary depending on the debtor. Sometimes debtors will respond to a demand letter, other times it may take a phone call. The bottom line is you get the money you deserve. Call American Corporate Turnaround at 1-800-754-1541 to discuss your situation.

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