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Orange County Small Business Development Center
 

 

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Business Debt

How to Pay Business Debts You Can't Afford

The U.S. Small Business Administration reports that approximately 40,000 businesses close their doors or file for bankruptcy each month. Many of these companies were mired in debt and didn't have a viable plan to work themselves out of it. All they had were hopes that things would get better. If your business is experiencing problems with debt, download and read the "How to Pay Business Debts You Can't Afford" by clicking on the link below. Don't become a statistic.

How to Pay Business Debts You Can't Afford (PDF, 1 MB)


The 27 Biggest Mistakes to Avoid When Negotiating Business Debts

Falling behind with your creditors can be one of the most stressful times in your life. Once collection calls start, it’s almost impossible to concentrate on running your business. Your first impulse will be to talk to your creditors and see what kind of arrangement you can work out. You want to pay your creditors. You just can’t afford what they’re demanding. What you may not know is negotiating your own debts could be a fatal mistake for your business – if you don’t know the pitfalls and traps hidden in every communication you have with your creditors. Download and read the "The 27 Biggest Mistakes to Avoid When Negotiating Business Debts" by clicking on the link below.

The 27 Biggest Mistakes to Avoid When Negotiating Business Debts (PDF, 1.2 MB)

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