Tag: Business Loan Modification

Tips for Small Businesses in Collections or Default If you run a small or medium-sized business and are facing debt collections or default, though the current situation might seem bleak, there are thankfully a number of debt relief and modification options available. Even businesses with seemingly insurmountable debt and limited cash flow have possibilities available for… Continue reading Tips for Small Businesses in Collections or Default

How Can National Credit Partners Help Your Business Rebuild Lender Relationships? When small and medium-sized businesses are facing various types of financial hardship – from collections to summons to complaints – a debt modification company like National Credit Partners can offer proven solutions that you may have not considered.   Below we will review some… Continue reading How Can We Help Your Business Rebuild Lender Relationships?

What are the Different Types of Business Debt and How Can National Credit Partners Help? For small and medium-sized businesses, debt is virtually always a reality that must be addressed. Ensuring your business’s debt is properly modified can significantly improve its operations – including freeing up cash flow.  Below we will take a look at… Continue reading What are Different Types of Business Debt & How Can We Help?

How Do Underwriters Determine Who Qualifies for Traditional Small Business Loans & Financing? Anyone who has applied for a loan – whether as a small business or an individual – has likely heard of the term ‘underwriter.’ That said, although the term is quite common, what the underwriting process actually entails is widely misunderstood. As… Continue reading How Do Underwriters Determine Who Qualifies for Small Business Loans?

What Percentage of a Small Business’s Budget Should be Spent on Payroll? When a small business fails, the negative ramifications can be substantial – jobs are lost, careers and reputations are damaged, the economy is burdened, and more. One of the best ways to help prevent small business failure is to maintain a closely-watched and… Continue reading What Percentage of a Small Business’s Budget Should Spent on Payroll?

(949) 868-1050 [email protected] Why is Cash Flow So Important in Small Business Loans? Wherever your business is at the present time in terms of development and growth, financing is always an issue. Whether you’re a startup without the ability to cover all costs involved to merely “get off the ground,” an existing company looking to… Continue reading Why is Cash Flow So Important in Small Business Loans?

What is a UCC Lien/Confession of Judgment? Many distressed small businesses face the common predicament of whether or not to agree to a UCC lien or confession of judgment (COJ) when securing a loan (which can often be a critical lifeline needed to keep a company operational). While a UCC lien or confession of judgment… Continue reading What is a UCC Lien/Confession of Judgment?

Paid in Full vs. Settled for Less: Which Option is Best? Paying off a loan debt is a positive accomplishment for any small business. But for businesses in distress, debt modification may allow for the loan to be ‘settled’ as opposed to ‘paid in full.’ Although the everyday terminology typically used to describe these two… Continue reading Paid in Full vs. Settled for Less: Which Option is Best?

What is Business Debt Modification? Creditors are in the business of lending money and generating revenue on the interest accumulated over the course of a loan. But what happens when a guarantor has trouble paying back a loan or cash advance? As creditors are not collection agencies, when a guarantor defaults, it’s bad business.  … Continue reading What is Business Debt Modification?

What is a Business Loan Modification? Business debt is forcing companies to look toward BankruptcyNational Credit Partners is the Solution Reduce business debt payments 40%-60% without bankruptcy or litigation Is your business having trouble meeting the minimum monthly payments of a loan? Businesses that find themselves struggling with increased production costs, decreased revenues, changes in… Continue reading Business Loan Modification