National Credit Partners announces an upsurge in interest for small business owners seeking Corporate Debt Restructure programs for 2021.
SANTA ANA, CA / ACCESSWIRE / February 9,2021 / The consequences of economic uncertainty and COVID-19 related shutdowns hit small businesses especially hard in 2020. According to the US Chamber of Commerce, nearly a quarter (23%) of small businesses reported temporarily closing their business entirely since the start of the pandemic, and three-quarters of small businesses (74%) report concern that the coronavirus will impact their business for much longer than they originally anticipated when the pandemic began.
"Many small business owners were backed into a corner because of economic uncertainty and decreasing revenues and cash flow," reported Dennis Edwards, Vice President of Business Development at National Credit Partners. "Today, more than ever, small business owners need help weathering the storm while keeping their doors open. This year we've already seen a growing number of small business owners who desperately need help reducing their daily, weekly, or monthly loan payments while ensuring their obligation to pay back their lenders in full."
National Credit Partners does express optimism for 2021. Although businesses are not nearly as comfortable with their cash flow as they were before the pandemic, there are several reasons 2021 is looking brighter. As they say, it is always darkest before the dawn. Here a few points of optimism for 2021:
- Starting with the renewal of the PPP business loan program in 2021, millions of dollars in low-interest business loans will be injected into the economy with a unique PPP Loan Forgiveness feature.
- The new administration and consumer-friendly Congress have signaled that more financial initiatives will be unveiled in 2021 in a concerted effort to help keep small companies from bankruptcy.
- Small businesses who have weathered the 2020 economic storm may see a reduction in their business tax liabilities as net operating losses from last year may reflect an offset.
- Programs like those offered by National Credit Partners assist cash-strapped business owners seeking help with business debt restructuring, cash advance restructuring, and business loan modifications.
About National Credit Partners
National Credit Partners is a financial firm with an A+ accreditation with the Better Business Bureau specializing in business debt relief, cash advance restructuring, and business loan modifications. They are not a lender or debt settlement company. Their team of business debt specialists and debt relief attorneys help over-extended business owners restructure and modify their business debt by negotiating new permanent contracts to increase cash flow over an extended term.
When business owners contract with National Credit Partners to restructure their existing business debt and extend terms to lower payments, it can serve as a valuable business credit builder because of the reduction of the debt-to-income ratio. This program allows business owners to address the immediate challenge of limited cash flow, avoid business bankruptcy and take steps in the right direction to help strengthen their overall business credit profile so they can obtain better financing in the future.
National Credit Partners
1551 N Tustin Ave. Suite 190
Santa Ana, Ca. 92705
Email: [email protected]
SOURCE: National Credit Partners