It’s Time For Small Business Owners To Start Talking About Their Financial Problems
I have often wondered why business owners are so reluctant to admit they are having financial difficulties. We at Second Wind do a remarkable job and literally save hundreds of businesses, the business owners’ homes and possibly even their families as the stress of total economic wipeout results in many destroyed families. Yet so many take their bullet quietly and go down with hardly a whimper, alone. It is unnecessary.
We are winning the war, one business at a time. But far too many businesses are failing, losing their wars when we could help them.
We looked into this and found out that businessmen (in particular) would prefer to talk about their impotence then disclose their business failures and economic meltdown. No one wants to discuss this matter even with their best friends, thus, few know their best friends’ business issues or the financial decay that they are experiencing as men keep a stiff upper lip, face their battles alone and fight their wars with little fanfare, help or discussion, especially with their friends. They quietly face self-destruction.
Not that this economy is anyone’s fault – it isn’t – but the resolution is your own responsibility. Survival is your own responsibility. Your family and your employees are depending upon you to figure it out. You must ask for help. You cannot do it alone. You must talk to each other and show each other the way… to us.
It’s time to come out of the closet. It’s time to spread the word, it’s time to help those who do not know. There is a small business bailout plan that works as well as handing out billions of dollars to business owners who are upside down. Debt relief is our plan. But you must step forward ask for help and accept the answers we can provide as we offer a second chance without the bone-crushing debt you are trying to absorb. No bankruptcies, no legal process, just simple business strategies that work very well.
This silent suffering and failure must stop. It’s not about being a bleeding heart, it’s more about helping another businessman survive or helping yourself survive. We are a unique resource, one of a very few businesses who aim their services at the small business market and we can only help those that step forward and identify their issues. Our track record is incredible and our strategies are unique and work extremely well. We have saved hundreds of businesses from failure and liquidation.
Tell your friends our story, tell us your story. You (or your friends) may need our help and no one is talking about this as everyone wants to remain private and appear to be successful. I get it, men do not complain and do not share their financial condition with others. But now is not the time for this. Talk to us, talk to each other. Let us help you get the help you need.
Gentlemen:
I am the sole owner of a full service travel agency that I started locally in 1971.
After 911 put the travel agency business down the tube, I was able to obtain an SBA loan in the amount of $30,000.00. I was required to use my residence here in Amherst, N.H., that I have lived in since 1980.
The interest rate was 4% for 30 years, with a monthly paymemt of $140 a month, which I was able to keep up for some time.
Things have changed considerably. The business did not come back as expected. My health took a turn for the worse with prostage cancer (removed), plus the replacement of the main aortic valve successfully, along with skin cancer that was also treated successfully. After 33 years in the town of Milford, N.H., I moved the office to a section of my residence about 5 years ago here in Amherst, N.H.
Needless to say, this was a very welcome move to not have the overhead of a brick & morter location.
I made other cuts in overhead with employees and any expenses that I could.
With being able to qualify for medicare, I was able to eleminate a considerable amount of additional overhead, not having to pay for my health insurance and employee health insurance as I had to let them go.
With the teriffic slump in the economy, it greatly affected what travel business I was able to do as people were afraid of losing their jobs & homes, and placed travel on the back burner, which is very understandable.
I have now discovered that the SBA, for the last 2 months has been deducting $200 per month from my basic form of income, social security.
They (SBA), also was able in May of this year to pick up the $250.00 one time economic recovery program. I just found this out today when I checked with social security as to why this $250 payment was not deposited into my personal checking account in the same manner that my social security monthly check was processed.
From the first of 2009, my ss check was in the amount of $1,346.
As of June & July, it went to $1,144.10 per month. I was told that the difference of the $202.00 was being automatically deducted by SBA.
I am a single man, age 72, still running the travel agency from my home.
After reading a considerable amount on your web site, it would appear that some of the points you bring up are exactly what I have to deal with, but don’t quite know how to.
One item that keeps appearing in your case studies & responses is the connection between the SBA & banks, regarding these loans.
I only dealt directly with the SBA, as far as I can determine.
Does this put me in a better or worse position to deal with this default?
I’m not sure if this is the correct place that I should be entering this type of information. However, when I went to your official web site, it stated that it was “under construction”
Your comments would be greatly appreciated.
Cordially,
MILFORD TRAVEL SERVICE, INC.
Frederick H. Mosley
eml: fmosley@milfordtravel.webmail.com
fax: 603-673-1250
Tel. 603-673-6330