Loan Workout: If You Are Not Moving Forward, You Are Moving Backward

I have determined that there is a serious small business owner disease epidemic taking place all over America and it is deadly. No one ever recovers from it. No one. Once infected---unless the remedy is applied which is a loan workout ---you will perish. A loan workout? Yes, a loan workout.

What is this disease? The "wait-and-see-what-will-happen" disease, the "holding-your-own" disease, the "neutral" disease... it's all an illusion, wishful thinking.

IF YOU ARE NOT GOING FORWARD YOU ARE GOING BACKWARD. It is that simple, and to go backward in this environment means death---financial and business death.

We have seen what will happen far too many times. Upon default, you will eventually be foreclosed on and the collateral liquidated. Your personal guaranty will also be pursued and all you have will be at risk to be liquidated. Disaster.

So, once again, you know exactly what will happen. Your only option is to take control of your destiny and pursue the following three remedies:

1. Reinvent your business based on today's economic realities. Do the loan workout. Force profitability.

2. Downsize. Do the loan workout. Force profitability.

3. WORKOUT YOUR DEBT. Do the loan workout. The debt you took on before the recession cannot be paid back with your currently reduced revenue. It is a fact. Working it out is the only remedy.

Waiting to see what happens is like waiting for the hangman to pull the rope. Action is the language of success; waiting to see what happens is waiting to view your own business funeral. It is that simple, and even if it is not that simple, it must be done to survive.

There is a plan, however, and we have it. Call us. Let's help you with your loan workout. We will chart your course to survival, profitability, and success. Call 413-584-2581 and Norm will arrange a no-obligation teleconference. Do it.