When revenue slows and cash gets tight, many business owners assume their borrowing options have dried up. The good news is that the value already sitting inside your company can often open doors that a traditional unsecured loan cannot. If you own equipment,...
Guiding business back on track.
Business Workouts
Are long-term vendor relationships vital in a business workout?
Vendors are the lifeblood of your company's operations. Building a long-term relationship with them can foster a good reputation, making them one of your trusted partners. When cash flow tightens for the first time, your instincts might push you to go silent. However,...
What happens if a workout agreement fails?
When you enter a business workout agreement, you make a formal plan with creditors to restructure debt and avoid bankruptcy. These agreements give you room to adjust obligations and keep operations running. But sometimes, even well-planned workouts fail. Knowing what...
What workout options can help Florida businesses with SBA loans?
The Small Business Administration (SBA) is a federal agency that helps small businesses get loans. The SBA does not lend money itself. Instead, it guarantees part of the loan, so lenders feel comfortable approving the business. Many Florida businesses use SBA loans to...
