When businesses are unable to secure the cash flow they need, they can easily fall behind on payments. As a result, they may resort to getting additional financing to keep up with the difficult terms of their current loan(s). A temporary fix adds the weight of more payments and more interest. It’s a vicious cycle that desperate business owners continue over and over, hoping to hold on until their business becomes profitable enough to pay off their loans.
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Provides a lifeline for over-extended business owners who are drowning in debt.