As the year ends and a new one begins, every small business owner plans to do better than the previous year. To kickstart the new year, grab a pen and paper, write down some resolutions and hold yourself accountable! Resolutions will help you drive forward and maintain momentum. Plus, having them on paper is a...Read More

Short-term debt Also known as current liabilities, a company’s financial obligations are expected to be paid off within a year. Short-term debt is often used to finance day-to-day operating or unexpected expenses. The repayment period is short, usually 12 months or less, and requires higher monthly payments. Short-term debt may be a good option if...Read More

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...Read More

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...Read More

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...Read More

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....Read More

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...Read More

Running your own business can be such a great experience. Being your own boss is satisfying and rewarding. Although there are many highs, there will also be lows, and this usually involves money. Finances are always a great concern, especially when you realize your business isn’t actually making money. Running your own business usually involves...Read More

Why you would want personal lines of credit as a small business owner? Most people only apply for a loan when they need money for a specific purpose.  It’s what we all learned to do, but sometimes, it’s too late.  As a business owner, you should be constantly looking for low-rate personal lines of credit. ...Read More

Going out of business is a tough process. Even after a company dissolves, outstanding debt does not go away.  Call American Finasco. We provide hope and guidance to business owners who are having difficulty managing debt.  Contact Us and complete our Online Form for a free consultation or call (800) 299-2909.Read More