?>&evkey=101218012)
A curated hub for small-business owners facing unsupportable debt—practical guides to non-bankruptcy debt resolution that preserve core business value and jobs while aligning outcomes for owners and creditors. Expect explainers on reorganizational fundamentals, resolving personal guaranties, and tactical moves across SBA loan workouts, MCA exposure, tax and lease obligations, and vendor/landlord negotiations—showing paths to either a turnaround or an orderly exit.
Writing a hardship letter that gets accepted isn’t about tugging heartstrings—it’s about clarity, credibility and context. When you submit an SBA Offer in Compromise, your hardship letter is one of the few chances you have to tell your story directly. While the required forms—SBA 770 (personal financial statement), SBA 1150 (offer justification), tax returns, bank…
What you need to know about UCC 9-406 and how to protect your interests. Merchant Cash Advance (MCA) providers have gained a reputation for aggressive collection tactics, but one of their most disruptive and legally questionable strategies involves the misuse of UCC 9-406—a provision meant to protect secured lenders. When misused, this tactic redirects borrower…
Merchant cash advances, while easy to acquire, often come with high repayment costs and confusing terms, leading many owners to ask: Are MCA loans legal? Merchant cash advances (MCAs) are increasingly popular among businesses that can’t secure traditional bank loans or need a quick infusion of capital. They’re easier to qualify for than traditional loans and…
As a small business owner, you can’t play to win by being the cheapest. Competing on price alone drains your profit and destroys your brand. The big-box retailers and online giants can always sell for less—they have the scale and ad budgets to do it. Your job isn’t to be cheaper. It’s to be more…
Summary The coronavirus pandemic wreaked havoc on many small businesses and these franchise fitness owners were no exception. By the time the couple reached out to Second Wind Consultants (“SWC”), they were $2MM in debt. Selling the business would have resulted in huge financial losses for their family–not to mention a failure for the franchise…
“After sinking $20k into another consulting firm, we were frustrated and unsure who we could trust. Second Wind Consultants wasted no time making things happen, ensuring us we were in good hands.” — Jim Zeller, CEO Summary The Zellers came to Second Wind Consultants (“SWC”) with $9,159,000 in debt spread across four companies operating in…
This interactive webinar provides an overview of how the use of an Article 9 sale can be beneficial for business preservation, giving the seller incentive by providing the opportunity to earn from the new business in a non-ownership capacity and giving creditors the chance to increase recovery value on defaulted loans. TMA Central Texas: As…
Here’s what you need to know if you are in default on your SBA loan and the bank has filed a judgment against you. *As of June 1, 2024, does not apply to EIDL loans. When a business enters into payment default on an SBA loan, the SBA and the bank often take legal action against both…
Respect for the chain of command isn’t just military doctrine—it’s a fundamental law of organizational stability. Without it, businesses spiral into confusion, decision-making slows to a crawl and leaders lose control of their teams. If the U.S. Army can coordinate thousands of people under pressure using this structure, your business—whether 10 or 200 employees strong—can…
A payroll that exceeds 30% of gross revenue is one of the most common reasons businesses fail. Deciding how much of your revenue to allocate to employee salaries is a critical consideration to make. Payroll is frequently one of the most significant expenditures for a business owner. Not only is payroll regularly occurring, but it…
Speak with a specialist who can evaluate your situation and reveal strategies to help your business.
Speak with a specialist who can evaluate your situation and reveal strategies to help your business.
"*" indicates required fields