A small business bail out plan….that works. Based on debt forgiveness, it’s as good as cash.

Yes, there is a small business bail out plan.  We have implemented this plan repeatedly very successfully.

There is only one requirement:  After the debt, the SBA loan,  has been stripped off the business, will the business then be able to operate successfully?  If so, the strategy may be right for you.

While my strategy was designed specifically to support a workout with the SBA and the IRS -it applies just as successfully with  other secured lenders. It has also proven just as potent in stripping unsecured vendor debt.  The strategy also provides an excellent position to renegotiate any leases that may be higher then desired.

SBA guaranteed loans, additional secured lines of credit, vendor debt, landlord debt , credit cards, all your debt can be effectively and dramatically reduced or eliminated leaving the business to run unobstructed, free of these overhead burdens that are choking the life out of your business; a business which is already suffering from reduced revenues.

Once the business is secure, resting safely in a safe harbor, a new organization unencumbered with debt or payables, we then focus our attention on reducing the payback on your personal guaranty to affordable levels, payable over a few years.

This transition also gives the borrower an opportunity to re-invent their business, adjusting to the new economy and business environment.  It provides a opportune  time to reduce payroll, remove unproductive employees, change procedures, re-price goods or services, whatever it takes to make the business profitable.

It’s not cash, but it may as well be, as removal of debt allows you the opportunity to turn a profit and to have available cash flow to safely operate. That’s a bail out if I ever heard of one…and there are no alternatives.

This is the best possible solution available.  Call for further discussion, Norm will arrange a no-obligation tele-conference, 413-586-2581.