Debt Restructuring
Growing companies enter into loan agreements to pay for equipment needed to expand their businesses. Loans have different maturities and in most cases, the companies have built-in equity in the equipment. We will pay off all your lenders and refinance all your equipment into one loan.
This can result in reduced payments of 30% or more, so your cash flow and bottom line are greatly improved.
In order for us to submit for processing, we will need the following:
Full client contact information including email addresses and physical address. If there is a partnership, please get all owners information.
Last 6 months business bank statements
Current business debt schedule - it’s a basic spreadsheet of the debt breakdown
Lenders contract from each lender owed
Example of a recent transaction:
A manufacturing company had combined monthly payments of $28,000 per month and showed a modest $10,000 a year in profits.