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Debt Restructuring: What It Is and How It Works
Debt restructuring is an important tool for small businesses to manage their debt. It allows them to negotiate with creditors, or lenders, such as banks and other financial institutions, on repayment terms that better suit their current needs. With debt restructuring, a business can make changes to their existing loan agreement or create a new…
Is Your Small Business Facing a Liquidity Crisis? Here’s What You Should Do.
When a small business is facing a liquidity crunch, it can be an intimidating and overwhelming situation. A liquidity crunch is essentially when cash flow slows down, making it difficult for the business to cover its short-term obligations such as payroll and supplier payments. This can put the survival of the business at risk and…
5 Steps to Lower the Cost of Your Debt
It’s no secret that debt can be crippling for a small business. Debt payments often eat away at profits, making it difficult to reinvest in the business or pay employees adequately. Fortunately, there are ways to lower the cost of your debt and free up more capital for growth. Here are some tips to help…