It seems that not a week goes by now that you do not hear about another business filing bankruptcy, closing their doors, or laying people off.
Times are tough.
Many businesses that have not filed bankruptcy are still struggling to bring the customers in and to have their customers pay them just so they can keep their doors open.
If your small business still has cash coming in but sales are declining due to the struggling economy, you may want to start looking into consolidating your business debts so you can avoid collection calls from your creditors or worse, bankruptcy and having to layoff your employees.
When you consolidate your debts, you negotiate with your creditors and work out a repayment plan that you can afford and will make your creditors happy and cease their collection efforts and drop their lawsuits.
This will allow you to have more time to pay your debts, increase your cash flow and best of all, keep your business running until sales can improve with the economy.
There are several companies that work with small businesses to consolidate their business debts and work out a solution to their temporary financial problems.
One of the bigger ones that advertises on TV is called Corporate Turnaround.
They have a staff of over 100 that develops unique solutions for each client they help.
You can do a search on Google for their website.
When you are trying to save your business and commit to avoiding bankruptcy, there are solutions to your problems, business debt consolidation is one of them.