How to: Debt consolidation and refinance
Posted: February 22, 2019
Views: 21
How to get debt relief for your small business: Debt consolidation and...
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News Roundup for Small Businesses: 50+ Companies Working in Trucking Tech
Posted: February 18, 2019
Views: 48
News Roundup for Small Businesses: 50+ Companies Working in Trucking...
Read moreHow to: Trucking Business Debt Relief
Posted: February 12, 2019
Views: 43
There’s one thing all businesses fear, no matter how small or large, and that’s bankruptcy. And if the road to hell is paved with good intentions, it might as well be said that the road to bankruptcy is paved with debt. And sadly, small businesses, those working in trucking included, face more struggles than bigger businesses...
Read moreNews Roundup for Small Businesses: Everyone is talking about Confessions of Judgement
Posted: February 6, 2019
Views: 94
News Roundup for Small Businesses: Everyone is talking about Confessions of...
Read moreWhat to Look for Before Selecting a Business Debt Settlement Company
Posted: November 2, 2017
Views: 525
Few things kill businesses as quickly as debt. And debt is something that many business owners struggle with on a daily basis. According to a Gallup poll, over a third of small business owners are feeling the burden of debt. For many, the debt isn’t small, either. A study by Experian found that the average US small business owner has debts of $195,000. For companies drowning in debt, business debt settlement companies offer a way out. But finding the best debt settlement company can be difficult. Business debt reduction companies act as an agent on your behalf, negotiating with...
Read moreHow to Restructure Your Business Debt
Posted: November 2, 2017
Views: 741
Even the best-made and most realistic business plan can be knocked off course by a freak occurrence. An unexpected bill comes in that hits your cash flow. A key piece of machinery breaks and needs to be repaired or replaced. Business loans and cash advances can bail out a struggling business, but they can also get a business into trouble. High interest rates and mounting fees can leave business owners with few options. Despite business bankruptcy rates being at their highest since March 2013, shutting up shop is not inevitable. Debt restructuring provides a viable alternative. Debt...
Read moreBusiness Funding Red Flags and Loan Scams
Posted: October 3, 2017
Views: 525
Getting the funding you need is a critical part of managing your business and its cash flow. When important equipment breaks and you need a replacement immediately, getting a loan quickly is essential. However, because many banks refuse to loan to small businesses, entrepreneurs are turning to alternative lenders for financing. As good as some of these services seem to be, scams are everywhere, and business owners could be risking everything in their search for a loan if they aren’t careful. From banks to alternative lenders If you are a business owner, you’ve probably...
Read moreComing Soon: AI Will Disrupt Your Business Debts
Posted: September 20, 2017
Views: 233
If you’re a small business owner, chances are you have tried and failed to get a loan from a bank in the last decade. The New York Times reported that fewer than one in five small business loans are approved by banks. The simple fact is that banks aren’t lending to small businesses anymore. It’s just not profitable for them. As banks have moved out of the SMB (small and midsize business) loan space, however, several enterprising companies have sprung up to take their place. The refusal of banks to lend to small businesses has fuelled the merchant cash advance...
Read morePay Off Business Debt Quickly
Posted: September 20, 2017
Views: 129
We speak to a lot of small and medium-sized business owners here at Creditors Relief. We get asked a lot of questions. But if we had a nickel for every time someone asked us “How can I get my business out of debt?”, the entire office would have retired already!! It’s perfectly common for small businesses to have debt. That’s why we get asked the question so much! The trouble is, quite a few businesses have more debt than they can handle. According to research by Experian, small businesses have an average of $195,000 in debt. That’s a lot of debt to pay...
Read moreMistakes Business Owners Make With Their Finances
Posted: September 20, 2017
Views: 91
Running a business is tough. That’s probably why, according to Bloomberg research studies, 80% of businesses fail within the first 18 months.1 It’s a shocking stat, and one of the biggest causes of failure is financial mismanagement by owners. The unfortunate reality is – even if you do go to school for entrepreneurship – business finance problems and solutions aren’t emphasized enough. Even if you don’t go to business school, a quick Google search for “entrepreneurship” demonstrates the most-popular keywords associated with the topic of...
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