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Short-term and long-term debt are two options businesses have for borrowing money. The main difference between the two is the repayment period. When deciding which type of debt to use, companies should consider the repayment period and the interest rate but understand both options entirely. Long-term debt Also called long-term liabilities, this is any financial...
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Although merchant cash advance (MCA) seems a quick and easy option to get immediate funds for your business, these cash advances carry extremely high fees with APRs in the triple digits! If you insist on this method, be prepared for what an MCA will do to your daily, weekly, or monthly revenue stream. Daily, automatic...
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Owning your own business has many advantages. It can be extremely rewarding, and you are your own boss. It allows more independence and time for non-work activities, plus you do what you love!  But it also means you can never “take your eye off the ball” or walk away at closing and forget the business...
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Business Debt Relief can reduce business debts, pay creditors, and ensure your business is still profitable! Eliminate those harassing collection calls by using American Finasco’s debt management services. Specializing in both short and long-term debt, we will work to reduce or eliminate all debts, not just credit card balances. Our fees are based on how...
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3rd party intervention for your small business
Many small business owners find it challenging to manage their business, finances, and debt. Debt is overwhelming, and stressful, leading to serious consequences for your business. American Finasco’s Third-party Intervention Services will establish a new line of communication between debtors and creditors giving your business the ability to thrive again. Too many businesses make a...
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Dissolving a company, or going out of business is a tough process. Even after a company closes, outstanding debt does not go away. This includes money owed to employees, landlords, suppliers, utilities, service providers, and even banks and private lenders. You can limit your liability by notifying creditors of your closure, but you still need to...
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How to Stay on Top of Your Taxes Tax season can be a little frightening for small business owners. If you pay quarterly taxes, you need to be more on top of your tax documents and track your business finances proficiently. There is still time, but the clock is ticking. Falling behind on your taxes...
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become tax savvy this year
If you own a small business without a dedicated bookkeeper or accountant, there’s a possibility you aren’t covering the basics. But it’s still early in the year, and there is time to put in place some best practices for an easier tax season.   Here’s what you SHOULD NOT do:   Let receipts pile up....
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Eliminate Debt with American Finasco
There is a way to get control of your business debt. It does not always mean you have to close your doors or file for bankruptcy. You cannot run from debt, and it will never go away on its own. Begin with these simple steps to assess the amount of debt and then move into...
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be aware of online scams
There has been a major development in the online alternative lending industry, making it easier to get qualified and approved for business loans, debt resolution, and consolidation. However, this option has also opened doors to online scams, hackers, and fraud. The pandemic has increased this problematic activity making small businesses more vulnerable. Now, thieves are...
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American Finasco

A Commercial Debt Management company in Houston, Texas, American Finasco has served thousands of clients in all regions of the United States. The profile of American Finasco’s client is a closely held, under-capitalized corporation, with gross revenue between $500,000 and $100,000,000.

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