Debt Resolution

Second Wind Consultants’ Debt Resolution Strategies begin with a focus on secured bank debt, SBA-guaranteed loans and Merchant Cash Advances (MCAs) because all of these are secured by assets and backed by personal guaranties, creating a stranglehold on your business. The power of the secured position is universally understood; as a result, business owners tend…

The SBA Offer in Compromise is a program developed by the Small Business Administration to help business owners who have defaulted on their SBA loans. Sometimes the SBA will release loan guarantors of their liability for less than what is owed if presented with a compelling reason why it is unlikely the SBA will ever…

The traditional secured bank loan (inclusive of those backed by the Small Business Association or SBA) is the bedrock of commercial financing and debt. In this scenario, the bank lends a business owner money collateralized by assets which, if liquidated, will presumably cover the value of the note. In an ideal situation, the bank is…

Property and equipment lease debt require a specific strategy for a successful conclusion. The fundamental differentiator of these debts compared to more traditional forms of debt is the obvious fact that the individual leasing the item does not have an ownership interest in it. No matter what form of lease debt your company has, Second…

If your business needs Merchant Cash Advance relief and is crippled by weekly or daily withdrawals, Second Wind Consultants can help. MCAs may seem like an attractive solution for businesses that have had a disruption in cash flow or need capital to pursue a time-sensitive opportunity, but the terms are often unsupportable. Many thousands of businesses are…

Unless you own the building in which your company operates, you have a relationship with a commercial landlord. When you originally bought or opened your business, you negotiated lease terms based on the market value at the time and what you projected the market would support over the following three, five or ten years. After…

941 payroll taxes, which include the trust fund (money withheld from your employees’ wages—including income tax, Social Security, and Medicare) cannot be negotiated with the IRS. Nevertheless, Second Wind’s reorganization strategies coupled with our understanding of IRS standards can eliminate unpaid interest, corporate investment and penalties—leaving you with only the trust fund to repay. This can…

Franchise models offer entrepreneurs turnkey, proven business models complete with business plans, projections, marketing strategies and buildout project management. Despite proven success, however, not all models work in all areas. Even the most well-known franchises see a percentage of their locations fail to perform. In these situations, the franchisee often faces a five- or ten-year franchise…

Defaulted mortgage debt can be resolved using a variety of strategies. Second Wind’s solutions have saved thousands of businesses, and our experts can help you determine which is the best path for yours. In instances where the liquidated value of the real estate is less than the current mortgage, foreclosure is not an efficient or…

The traditional secured bank loan is the bedrock of commercial financing and debt. In this scenario, the bank lends a business owner money collateralized by assets which, if liquidated, will presumably cover the value of the note. In an ideal situation, the bank is fully secured, even in default. The problem is, no matter how…