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debt settlement
Preparing for economic downturns is crucial for small businesses to navigate challenges, maintain stability, and emerge stronger on the other side. Here are strategies to help small enterprises to build resilience during economic downturns: 1. Financial Planning:    – Create a Contingency Fund: Save a portion of profits in a contingency fund to cover unexpected...
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Third-party financial intervention can be advantageous for a struggling small business in several scenarios. Here are just a few circumstances where American Finasco can assist: Debt restructuring and negotiation: If a small business is burdened with significant debt and struggling to meet its financial obligations, we can help with debt restructuring. This involves renegotiating loan...
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There are several strategies that small businesses can implement to improve their performance during the summer season. Here are some suggestions: Offer summer promotions: Create enticing offers, discounts, or packages specifically tailored for the summer season. Consider seasonal themes or tie-ins to attract customers and drive sales. Refresh your marketing efforts: Update your website, social...
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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...
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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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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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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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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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A new year brings new resolutions for your small business. Consider how you can improve this year in your role as a small business owner. Resolution 1: Review business targets and budgets Start by preparing a budget and review it monthly. This is important to the success of your company. Don’t let your budget gather...
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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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