BERNARSKYPARTNERS.COM
Unmanageable Business Debt payments?
We can help your Company...Managing business debt is crucial for the financial health of your company.
Managing business debt is crucial for the financial health of your company.
Here are some solutions to consider:
1. Create a Budget: Develop a detailed budget to track income and expenses.....Merchant Cash Advances ("MCAs") come with advantages and disadvantages.
Merchant Cash Advances ("MCAs") come with advantages and disadvantages.
It is critical to understand these pros and cons before considering an MCA:
PROS OF MERCHANT CASH ADVANCES (MCAs")
1. FAST FUNDING ACCESS: MCAs are known for their speed. Businesses can often
receive funds within a few days or less, which can be crucial for addressing
immediate working capital needs.2. SHORT APPLICATION PROCESS: Applying for an
MCA is typically less time consuming than applying for a traditional loan....Business profit is secondary, cash flow matters most.
“Business owners sometimes believe that profit is what matters most, but profit is secondary. Cash flow matters most.”
How do I turnaround my Company and get it back to where it use to be?
Payment of business expenses (outflows) can be controlled to more of a degree than receipt of sales deposits...Business Finance and Corporate Strategy
BERNARSKY PARTNERS is a Business Finance & Corporate Strategy Advisory firm offering Business Debt + Cash Flow Solutions.
Solutions to Business Debt + Cash Flow Problems without having to file for Bankruptcy
“When a company bets on future sales to pay off existing debts, it's in a risky situation. That's a gamble that often results in bankruptcy.”
BUSINESS DEBT REFINANCING and RESTRUCTURING
Also referred to as BALANCE SHEET RESTRUCTURING, your Company does not have to completely Default on its debt obligations as there are many ways to work things out with your Creditors through an Out-of-Court “Voluntary and Non-Regulatory” workout and Balance Sheet Restructuring……(continued)
Timely Solutions to Cash Flow + Business Debt issues that are becoming out of control
“In times of a crisis in your Business' operations Cash is King and Cash Flow is Queen.”
We can help you quickly SOLVE your Cash Flow+ Business Debt issues before its too late…
There are many Solutions and ways to "walk back" too much Business Debt + Cash Flow issues that result from its undertaking…(continued)
Dangers of Short-Term Business Debt
"This problem, like any other problem, will look simple when its solved."
Some of the Dangers of Short-Term Business Debt—
If your Company has taken on Business Debt that is short-term, or to be paid back in 12-months or less, this can create some serious issues within your Company.
Short-term Business Debt undertaking can quickly cause some of the following Company issues:
Cash Flow issues where cash is very tight or negative (not enough cash to meet obligations on time)
Taking on short-term debt typically causes the need for more short-term debt to pay the first loan or business cash advance (sale of future receipts)
When future business sales receipts are sold (business or merchant cash advance), they are sold at a discount to their full value-- You have GIVEN AWAY some of your future Company's sales
continued…….
Where has all of your Company's Cash Flow gone?
"Debts are like children - begot with pleasure, but brought forth with pain."
RESPONSIBLE LENDERS—
There's a reason that responsible lenders want you to show them that you can handle money before they are willing to lend it to you, without all the fees and high interest rates they use to mitigate risk.
A Responsible Lender will be sure that the Company can afford its Business Debt payments in a full and thorough underwriting process…….(cont)
Can't keep up with Business Loan and Financing payments?
"Debt is like any other trap, easy enough to get into, but hard enough to get out of."
Automatic ACH Payments to Creditors causing Cash Flow Problems?
When Cash Flow is going out of a Company faster than it is coming in, it can wreak havoc on a Company's balance sheet.
Not to mention the day-to-day headache of operating and managing a Company with strained Cash Flow…….cont.
Behind on Accounts Payable? Strained Cash Flow?
“Behind on Accounts Payable? Strained Cash Flow?
“If you think nobody cares that you are alive, try missing some payments that are due.”
Not enough Cash Flow in your Company?
High-cost, short-term debt (less than 2-year term) can cause severe Cash Flow issues within a Company.
Short-term Business Loans and Receivable Purchase Agreements (Merchant Cash Advance MCA or…….
Business Insolvency vs. Business Bankruptcy
Business Insolvency vs. Business Bankruptcy
"A Company can be insolvent without being bankrupt, even if it's only a temporary situation. If that situation extends longer than anticipated, it can lead to bankruptcy."
Business Insolvency vs. Business Bankruptcy
What Is Insolvency?
Insolvency is when an individual or company can no longer meet their financial obligations to creditors as debts and liabilities become due. Before a Company gets involved in insolvency proceedings, they will likely be involved in informal arrangements with creditors, such as setting up alternative payment arrangements. Insolvency can arise from poor cash management, a reduction in cash flow, or an increase in expenses….
More Business Debt does not fix Cash Flow Issues
"Good times are when people make debts to pay in bad times."
Trying to Solve your Company's Cash Flow issues with more Business Debt?
It has been said that what has caused a problem, cannot be the solution to the problem.
When it comes to Business Cash Flow issues, normally caused by a Company taking on excessive and expensive financing, lack of sales, drastic fluctuation in sales (up or down), there are many strategies to solve the situation...
Stuck in an Endless Cycle of Business Debt?
"Debt is like any other trap, easy enough to get into, but hard enough to get out of."
Stuck in an Endless Cycle of Business Debt?
Getting caught in a spiral of Business Debt can happen quickly, yet often happens over time rather than overnight and breaking the cycle may take time as well…
Increase Cash Flow + Reduce Business Debt
Increase Cash Flow + Reduce Business Debt
“Money is a terrible master but an excellent servant.”
INCREASE CASH FLOW + REDUCE BUSINESS DEBT
There are many strategies to reduce your Business Debt WITHOUT defaulting on your creditors and balance sheet liabilities, and even if you have defaulted or are close to it each day or week, there are many ways to cure that default….
Some DOs and DO NOTs of Business Debt
Some DOs and DO NOTs of Business Debt
“Applying for Business financing and loans, and then managing them, can be a stressful process.”
Some DOs and DON'Ts of Business Financing
DO consider these types of Business Debt Financing…
DO NOT consider these types of Business Debt Financing…
How to Reduce Business Debt Leverage
How to Reduce Business Debt (Leverage)
“Leverage amplifies risk. So ideally, that risk should be paired with nearly guaranteed future profits.”
The more leveraged your business is, or the more debt that it has compared to top line annual revenue (or expected annual revenue), then the more cash flow fluctuations can disrupt cash flow drastically and strain an already leveraged business.
Business Debt Problems? We have Solutions for you.
“There is really only one way to address business debt issues and cash flow crunches, and it is planning so you can prevent them in advance.”
Solutions for Business Debt and Cash Flow Issues
Here are some ways businesses can dig out of debt when cash flow is constricted and credit markets are tight (increased interest rates):
Cut Unnecessary Costs and Free up Cash Flow…(continued)