Business finances are a difficult thing to manage, and a business owner is sometimes going to run into debts that they can’t solve on their own. Our debt solutions offer an easier way to manage the debts of your own business, especially if you own a small business without much support. But how does it all work, and what makes our debt solutions worth using? Before we can answer that, you have to understand how a debt solution can be useful. Are you looking to find an insolvency practitioner wh...
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Written by Mandy Sleight , Edited by Emily Maracle ; Published on June 21, 2023 | 5 min read
A recent study issued by CreditSafe reported dismal news for businesses. Specifically, over half of companies surveyed (58 percent) said their long-term debt increased over the past 12 months. Operating expenses have also been growing since 2023. As a business owner, you probably don’t need a study to tell you that expenses are increasing. If your debts (and their interest rates) are also rising, you could find relief with a business debt consolidation loan. Business debt consolidation isn’t...
Small business debt is any money that a business borrows or owes to others. This can include loans, lines of credit, credit cards, or other ...
Debt management is a common challenge faced by entrepreneurs, but it’s not an insurmountable one. Your ability to manage debt as a small business owner is not only a survival skill but can also set...
How debt financing works Types of debt financing Advantages of debt financing Disadvantages of debt financing Show More MORE LIKE THIS Small-Business Loans Small Business Debt financing is...
Our Bankruptcy Trustees have years of experience helping self-employed individuals and small business owners become debt-free.
So, rather than falling into business debt and asking people to “help me get out of debt ”, it would always be better to stay wise and steady from the beginning so that you can avoid too much debt. Although debt to some extent is good for your business, you should always avoid crossing the fine line. ...