Debt Restructuring
Building positive credit is always good for business. But it’s not always easy to navigate the ups and downs of the market and come out on top. Sometimes, you need a little help from a smart brokerage.
Debt Restructuring
Lending Overview
Debt restructuring is more than just paying down debt. To build credit wisely, you need a holistic approach that looks at where and when to utilize your company’s resources. It might seem simple to pay off one debt account and close it, until you learn that could actually hurt your credit score. Our experienced brokers will help you restructure your debt so you have more working capital you can use to build your business. We’ll take a look at target areas to manage first and position your business for the lowest rates on the loans you need in the future.
Unlock Your Financial Potential
How to Effectively Apply Funds
Debt restructuring is worthwhile whether you have a credit report to boast about or need some work to get your score back up. Our experienced brokers know how to manage debt and we want to share our skills with you. Talk to a broker about consolidation, refinancing, credit repair, and repositioning your credit today.
Simplify Your Finances
Consolidation Loans
Do you enjoy juggling multiple loan payments every month, each one with a different due date, interest rate, and fees? If you answered ‘no’ you’re not alone. The good news is you can stop the juggling act and consolidate your debts into one easy-to-manage loan. You’ll get one payment, one due date, one interest rate, and one point of contact instead of trying to deal with different lenders month after month. Consolidating your loans can also serve to drop your monthly payments and free up working capital. You’ll avoid late payment penalties and overdraft charges when you only have to keep track of one monthly bill. Your new lender pays off the old loans when you consolidate, which can improve your credit score. To learn more about consolidating business debt, reach out to our professional brokers today. Put our years of expertise to work so you can get out of debt faster and wiser.
Lower Your Loan Payments
Refinancing
Refinancing can be an important piece of the debt recovery puzzle. Debt refinancing is the process of replacing an old debt with a new loan. The rates you qualified for years ago might not be what you’re entitled to today. If you’ve worked to rebuild your credit, it’s time you got rewarded. Refinancing gets you a new rate with a lower monthly payment than what you’re paying now. You also have the option to keep your payments the same, but pay off the debt sooner. Say goodbye to your old lender and your old bills. Then, use the money you save on payments to target other expenses, improve your credit score, and jumpstart new investments. When your business is moving forward, so should your credit. Don’t let old debt drag you down! Speak with a broker who can show you the best options available for loan refinancing.
Boost Your Credit Score
Credit Enhancement
We all hit snags on the road to success and sometimes credit takes a hit. You can take charge of your credit score and turn it into an advantage instead of a hindrance when you develop a credit repair plan. Our brokers will help you target problem areas, clear up misinformation, build your credit score, and manage your debt wisely. A credit repair plan may involve consolidation, restructuring, new investments, or all of the above. But to do it right, it’s important to work with an expert. We put our years of expertise to work every day to help small businesses like yours get a handle on their debt and repair their credit. A higher credit score not only means less stress on your accounting department (especially when you are the accounting department), but it also puts you in a better position to borrow down the road. You might not be looking for a new loan now, but you should still hire a great broker.
Get Approved, Pay Less
Improve Chances of Approval
There are a multitude of commercial loans out there, whether you’re looking to buy a business, build an office, or bring in new equipment. But one of the things they all have in common is a lender. Lenders look at your business’s credit score to decide on approving your loan, but also choosing what rates to charge. If your business credit isn’t where you want it to be, you could be paying higher interest on the money you borrow. Let us show you how to present your business in the best light to lenders. We’ll help reduce your monthly costs, pay down debt wisely, and complete a loan package that stands out from the rest. Don’t wait until you need a loan to get started working toward improving your chances of approval. Credit repair takes time! The more you can give your business a head start, the better. Contact us today.
Business Solutions
To Qualify:
Step 1
Evaluate your financial need to avoid over-borrowing or underfunding. We’ll customize your loan to fit your exact request at rates you can afford.
Step 2
Gather your documents in a safe place. Depending on the loan you want, you’ll need to provide tax information, balance sheets, and proof of time in business.
Step 3
Connect with our team. We’ll listen to your needs, look over your documents, and suggest a range of financial solutions to match your goals.
Alternative Solutions
If debt restructuring isn’t what you’re looking for, try:
Factoring
Factoring isn’t a debt, it’s a way to sell your accounts receivable assets to get cash before your customers pay. Don’t wait months for the income you need now. Factor your invoices, purchase orders, and contracts for working capital and get paid in as little as 24 hours.
Hard Money
If credit has been a problem in the past, you might want to consider an asset-based loan like a hard money loan. These loans are based on the value of your company assets, rather than your credit score. Secure a hard money loan to get lump sum funding based on your property, equipment, or inventory values.
Contact Us
Do You Have Any Questions?
Get in touch with our team to discuss your financing needs and loan options. We’ll review your goals and connect you with the right lender to move your business forward.
Call us at
307 . 772 . 4575
Email us at
Admin@Virtual-FS.com
