Get relief from stacked business debt
Juggling several cash advances or loans with daily payments? Compare ways to consolidate, restructure or settle what your business owes, and get your cash flow back.
Checking won’t affect your credit score.
Signs it’s time
When debt starts running your business
If two or more of these sound familiar, it’s worth looking at your options now, before payments fall behind.
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You have more than one advance
Two, three or more cash advances or loans, each pulling its own payment.
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Payments eat your cash flow
Daily or weekly debits take so much that payroll, rent or inventory gets squeezed.
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You borrow to pay old debt
A new advance goes straight to covering the payments on the last one.
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Payments are bouncing
Missed debits, NSF fees, or calls from funders and collectors have started.
Your options
Four ways to get debt under control
The right path depends on how much you owe, what kind of debt it is and how your revenue looks today. A specialist can help you compare.
Consolidation or refinance
Often the first step
A new loan pays off several advances or loans, leaving one payment on a longer schedule.
- Best if
- Revenue is steady
- Credit impact
- Low to moderate
Pros
- One payment instead of many
- Often weekly or monthly, not daily
Cons
- Need to qualify for new funding
- Longer term can raise total cost
Restructuring with funders
A specialist asks your current funders to lower or pause payments to match what your business brings in now.
- Best if
- Sales have dropped
- Credit impact
- Low to moderate
Pros
- Keeps accounts in good standing
- Payments follow real revenue
Cons
- Funders don’t have to agree
- Payoff takes longer
Debt settlement
A negotiator works to settle balances for less than you owe, usually paid as a lump sum or short plan.
- Best if
- You’re already behind
- Credit impact
- High
Pros
- Can reduce what you repay
- Ends the debt once settled
Cons
- Can hurt credit and invite lawsuits
- Forgiven debt may be taxable
Bankruptcy
A legal process to reorganize or discharge debt. It’s a last resort, and you should talk to a licensed attorney first.
- Best if
- Nothing else works
- Credit impact
- Severe, long-term
Pros
- Court-ordered protection from creditors
Cons
- Stays on credit for up to 10 years
- Legal costs; may lose assets
What it can look like
From daily debits to one payment you can plan around
Consolidation trades several short, expensive payments for one longer one. Your monthly payment drops, so cash is free for payroll and inventory.
- Breathing room
Lower monthly outflow while you stabilize sales. - One date to track
No more reconciling three funders’ debits every morning.
Example
Illustration only. A longer term can raise the total you repay. Real terms depend on your revenue, credit and the partner.
How it works
From first call to a plan in four steps
1
Tell us what you owe
List your advances, loans and cards, with balances and payment amounts.
2
Get a free review
A business debt specialist looks at your revenue and debts and explains your options.
3
Choose a plan
Compare consolidation, restructuring or settlement, with costs and credit impact in writing.
4
Get back to business
Your specialist works with funders while you focus on running the business.
Know before you start
Debt relief has trade-offs
- Credit can drop. Settlement and missed payments usually lower your personal and business credit.
- Funders may not agree. No one can promise a creditor will accept a new plan or a reduced balance.
- Collections can continue. Funders may keep collecting or sue while talks are underway.
- Taxes may apply. Forgiven debt can count as income. Ask your accountant.
- Watch for upfront fees. Be careful with any company that charges before it settles a debt.
- Get it in writing. Ask for the full cost, timeline and what happens if you stop the program.
Real people, not a script
Talk to someone who knows business debt
Cash advances work differently from credit cards and bank loans. The partners we work with focus on small business debt, including stacked advances.
- Free first review
See your options before you commit to anything. - Plain-English plans
Costs, timeline and credit impact explained up front. - Funding when you’re ready
Once you’re back on track, compare new funding through BBO.
Learn more
Business debt guides
Business debt relief questions, answered
What kinds of debt can you help with?
Merchant cash advances, business loans, lines of credit, equipment financing and business credit cards. Partners review each debt separately, since the options differ by type.
Is Best Business Outcomes a debt relief company?
No. We connect business owners with third-party debt relief and funding partners. Each partner sets its own fees and terms and makes its own decisions.
Will this hurt my credit?
It depends on the option. Consolidation usually has a small effect. Settlement and missed payments can lower your credit score significantly. Your specialist should explain the impact before you choose.
How much does debt relief cost?
Consolidation costs depend on the new loan’s rate and term. Settlement companies often charge a percentage of the debt they settle. Ask for every fee in writing before you sign.
How long does it take?
Consolidation can close in days to weeks once you qualify. Restructuring and settlement often take several months, depending on how many funders are involved.
Can I get new funding later?
Often, yes. After your payments are stable and on time, you can compare new funding options through BBO.
Best Business Outcomes is not a debt relief provider, lender, law firm or credit counselor. We connect business owners with third-party partners. Debt relief programs are not available in all states. Results vary, and no partner can guarantee that creditors will accept a plan or reduce a balance. Debt settlement may hurt your credit, may not stop collection activity or lawsuits, and forgiven debt may be taxable. Consult a tax advisor or attorney about your situation.
Take the first step toward lighter payments.
Free review. No obligation. Checking won’t affect your credit score.