Due to the increase in corporate failures, partly due to the economic climate. Restructuring business debts have become a standard approach. Every business and circumstance has its own uniqueness to it. The process of corporate debt restructuring follows a number of key important phases. A downturn in trading performance is identified through the management of accounts or as a result of projections from management. This triggers the lenders and other stakeholders, that a breach of financial obligations or a crisis of liquidity will occur.
Most small businesses that cannot pay or no longer see having the financial ability to repay their creditors under their current agreements will simply restructure the terms of the agreement to extend the length of payments. This will allow better cash flow for the business and is a much better option for the lender since they are not spending money on legal fees and tying up the court systems to come to the same conclusion.
Depending on the situation, clients will receive the benefit of legal protection through our network of attorney’s. This service provides clients with document review services, responses to creditors and legal representation in court if necessary.
Program terms from 12 to 36 months. With full transparency for dedicated account management. Most clients go from daily payments to weekly payments plans. Biweekly and Monthly payment plans are available for qualifying business.
Our skilled and trained processors goal is quickly to get arrangements in place within a 24 to 72-hour timeframe upon enrollment. We find that being proactive and address your lenders concerns quickly will help ensure a resolution.
Once agreements are in place with all of your lenders, we will facilitate the modification payments to ensure your current business accounts will not be frozen or interrupted.
With SCM services businesses can improve cash flow by 70%. With those savings, businesses can reinvest back into marketing, inventory, equipment, hire new employees or pay off other debt such as personal credit cards and lines of credit.
- 70% reduction in payments
- Weekly payments vs daily payments
- Hire more staff
- Improve cash flow