these are loans that are given to businesses typically below $35,000 that can be used for working capital or as a way of paying for inventory and running costs. When borrowing a micro-loan, the repayment terms can be dire, depending on the type of lender involved. One common we have seen is business owners taking business loans to get temporary business debt relief. However, serving a business debt with a loan usually ends up in more business debt.
Unsecured business debt comes in form of capital received from angel investors or venture capitalists who believe in a business’s potential. This option is available to both small and large businesses with amounts ranging from $500,000 up to several millions of dollars according to recent research. Because venture capitalists and private investors want high returns on their investments, this type of investments sometimes lead to loss of equity with the investor becoming part of the decision-making board of the business.
This is a flexible financing option available to most businesses to leverage future sales or revenue for immediate funds through a business’ merchant account. Businesses can apply for this and have the funds deposited to their accounts in a short time. MCAs usually come at a high interest rate, sometimes as much as three times normal small business loan fees. MCA relief is usually needed when a business owner underestimates the ROI of the advance is then unable to pay. Contact us today and one of our financial specialists will help you get lasting Merchant Cash Advance relief.
Business credit card debt is easy to get into because more and more people are resorting to online inventory management and businesses. Using credit cards ensure constant repayments and the ability to carry over the debt with a relatively small interest payment. This however leads to Business Credit Card debt over time which may make it difficult for a business owner to stay afloat and avoid business bankruptcy.
Our ultimate priority at Solid Ground Financials is to get you out of business debt so that you can return the focus to running a successful business
Repayments keep you from making solid cashflow and profits. Putting in these into one easy-to-manage stream is what our specialists are amazing at doing for you, using your unique situation to design a business debt relief plan for you.
We help you pay less of your debt than what you would if you were paying it yourself. Let us help you reduce your debt balance and save you money you can re-invest into your business.
You can be making significant profits and still be in debt. Our business debt relief services will help you have a better grasp of your business finances, allowing you better understand your financial situation.
We simply your monthly payments, reduce your overhead cost and make it easier for you to repay your debt commitments.
Even in situations where the courts have gotten involved, we also have a team of lawyers that provide Confession of Judgement help to you at a significant discount. We have a National Attorney Network priced at a flat rate to help you with legal representation where needed
Less debt repayments mean more money that can be ploughed back into your business to help you increase your profitability. We help you stop the constant cash flow into debt repayment and assist you get back financial control of your business.
We will act as a shield against aggressive creditors that bombard you with a constant stream of letters, phone calls and emails for collections. Your account manager will co-ordinate communications with all your creditors and keep them informed of an agreed resolution plan and help you sleep better at night.
*Solid Ground Financial is a Debt Relief Referral Service
*Solid Ground Financial Does Not Provide Loans to Consumers.
*We do not provide referrals for loans. We do not offer payday loans
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