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Balancing your debt correctly as a small business can mean the difference between surviving and thriving. Reports from the Small Business Association conclude that nearly fifty percent of all small businesses fail due to a lack of capital, bad credit arrangements, and having too much debt.
When a company takes out a loan, and subsequently earns a return on the borrowed funds, it is good for the both the creditor and the company. However, even if the borrowed money does not result in increased income, nevertheless the business still has to make the loan payments, which can put some business owners in a bind. When your business’ loan payments become too much to bear, legal assistance can help you right the ship. Call to speak with our Richmond debt relief attorney today to see what kinds of options you and your business have.
The Richmond debt relief and bankruptcy attorney at Bruce W. White, P.C., has years of experience helping small business owners to turn their prospects around.
Contact us today for a free, no-obligation consultation.