Tag

debt resolution
small business organization can save you money
By keeping your small business organized, you not only save time but money too! Taking the time to make business processes more efficient, can save much more money than you may think. But, properly managing and organizing your small business can contribute to the success of your business and help you reach your goals. Encourage...
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You can’t avoid it, not all small businesses can remain busy year-round. Whether you are a clothing boutique that is struggling after the holiday season or a landscaper in winter, you are going to experience a slow period in a fiscal year. Every business or industry experiences lulls, and that could really be tough. When...
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changes since Covid
Amid the lingering coronavirus pandemic, many small businesses continue to face extreme pressure, forced to adjust to ever-changing shutdown rules and taking on new, sometimes costly practices to keep their businesses and employees safe. There has been a lot of change in 2021 especially the changes in relief programs and collection practices. Collection Practices There...
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line of credit vs. credit card
Whether you’re looking to grow your business or trying to get out of business debt you’re most likely going to need some form of credit. A business credit card is one of the most popular options for small businesses that need quick access to cash. What you may not know is that there are other...
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hardship programs
When a business closes, it usually has a good-sized pile of debts—to landlords, suppliers, utilities, service providers, and possibly a bank or private lenders. If you do close, you still have to make plans to either pay these bills in full, settle them for less than full payment, or an even worse approach – ignoring...
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closing due to the pandemic?
Almost a year into the pandemic, small businesses with limited financial resources have either closed or are finding themselves in survival mode. Changes in customer behavior, pre-CoVid financial hardships and mandated shutdowns have forced many to the point of collapse. In fact, recent research by the Federal Reserve has found that only 35% of small...
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New Year's financial resolution
To say the least, 2020 has been a rough year for the majority of small businesses. With the financial crisis and pandemic combined, small businesses have taken an unexpected and unprecedented hit this year. The economy is still struggling, and small business owners have no other choice but to remain optimistic. However, despite failures or...
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What is debt to income ratio?
Debt-to-Income (DTI) ratio measures your company’s ability to afford additional debt. This is calculated by dividing your monthly debt payments by your monthly gross income. This number is expressed as a percentage and indicates how effectively you manage your company’s debts and spend money on a monthly basis. The lower the percentage, the easier it...
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difference between deferment and forbearance
Many small businesses find themselves struggling as they navigate through the changing economy during coronavirus. One option for helping to improve your cash flow and protect your credit is to get a loan deferment or forbearance. Both options allow you to stop making loan payments for a period of time while you help your business...
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Beware of online debt relief fraud
If you are in substantial debt, or if your business if facing financial hardships due to the pandemic, becoming debt-free can be a captivating idea. So much that you may blindly be led into one of the many scams found online. American Finasco would like to warn every small business owner looking to become debt...
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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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