It Is A Blood Bath For Small Business But We Have The Answers.
The statistics are staggering:
1.5 million businesses closed in 2009.
22% filed bankruptcy.
12.2% of all SBA loans were in default and headed to foreclosure and liquidation by auction, leaving personal guaranties grossly exposed.
We can only guess how many families lost their homes and how many children had their lives upset, or worse, destroyed. This is the real price of this recession, the loss of our living condition, the cost to the families of the small business owners ravaged by declining revenues and increasing costs, lost jobs and lost markets, lost industries, as entire sectors are being wiped out. Ask architects, contractors, auto dealers, real estate brokers, mortgage brokers… and on it goes. The small business owners who allowed themselves to face these pressures without a plan to navigate successfully through them missed their opportunity to survive and prosper under the new economy and had to close or file for bankruptcy.
But, we have answers. We have the strategies to support your success in this down economy. We have what I refer to as the Four Pillars:
Downsizing, reinvention, debt workouts, Internet marketing.
Combined, these practices form the basis for survival and growth. Many of the businesses that closed could have been saved. Most of the bankruptcies could have been worked out sensibly and with affordable losses.
If only you had called us.
Those that have are flourishing, businesses intact, debt removed, personal guaranties reduced to affordable payoffs, possibly even financed to ease the cash flow burden and to support borrowers who were without any remaining cash to provide the requested lump-sum payoff. Not all businesses can (or should) survive—this is the unfortunate truth—but many can, if they follow our plan and strategies. Every personal guaranty can be worked out satisfactorily, in a far better way than bankruptcy.
Jobs can be saved, families secured, and businesses kept in operation; debt is the enemy and we have the strategies to control and remove this problem.
Call us at 413-584-2581. Norm will arrange a no-obligation teleconference to review your position and make recommendations regarding our strategies.
