The economy is slowly recovering from the COVID-19 shut down. Many small businesses are facing never before seen issues while experiencing devastating impacts. This is uncharted territory – for all.   Has your business received funds from one of the available programs such as: Paycheck Protection EIDL Loan Account SBA Bridge Loan SBA Debt Relief...Read More

It’s not uncommon for any small business to experience financial hardships. When this happens, many business owners consider different methods of financing. There are several options available and it can be hard to find the best option for your business. Not all of these options are easily attainable. Here is a look at creditworthiness, one...Read More

Debt. It can be an ugly truth. Initially, it is easy to deny or minimize the impact it has on your business. The truth is, the longer you are in denial, the more debt you accumulate. Never underestimate how much you owe. Here are 4 signs of debt denial.   Taking on more debt This...Read More

Using a business credit card can be a huge convenience for small business owners when used wisely and responsibly. Business credit cards are a source of quick capital and provide an easy way of tracking business expenses. While business credit cards do have many advantages, there are disadvantages to consider before applying for one. Here is...Read More

If your small business is struggling to meet its financial obligations this holiday, you might be looking for some debt relief advice. Remember, you’re not alone. Every year, thousands of American small business owners find themselves in, sometimes, desperate financial straits. Read more and find out how to get your business ready for the holiday...Read More

Myth No.1: I can negotiate with credit card companies myself. The truth is, having an experienced negotiator on your side can help. At American Finasco, most of our clients have told us this familiar story. When they call a credit card company to try to negotiate a balance themselves, the credit card companies have a...Read More

If your business is facing tough times, a collection agency may be contacting you to collect unpaid debts. Contact can be in the form of letters or a phone call. What is the worst thing to do? Ignoring a debt collector who is contacting you. The agency can report the delinquency and it will show...Read More

Contrary to popular belief, commercial debt can be used as a tool. Although most business owners avoid debt because of the devastating effects it can have on a business, there are reasons why it can be useful. A healthy amount of debt can give your business the power it needs to grow. Plus, the interest...Read More

Maintaining a healthy credit score is just as important to your business credit as it is to your personal credit. If you notice your business credit score fluctuating, this can be perfectly normal. To understand why it can change is important and helps maintain healthy credit. Good credit is important for your business to remain...Read More

3rd Party Intervention May Lift Your Business From Debt As a business owner, it can be difficult to keep track of finances, and sometimes it becomes overwhelming and can lead to a fiscal mess. Waiting too long to get financial help can result in serious consequences for your business. American Finasco’s Third-party Intervention Services will...Read More