A Small Business Restructure (SBR) allows eligible businesses to compromise their debts with their creditors’ agreement and maximise their chances of trading profitably in the future. So after many Covid-induced cost blowouts (felt for many years yet to come) and lower sales revenue, this may get you trading profitably with no debts.
It also allows for business owners to remain in control of their business during the restructuring period.
Who should consider this?
Here are recent examples …
- Electrician with debts of $639,000 – paid $148k over months – saved $511k
- Builder with debts of $630k – paying $132k over 18 months – saved $498k
- Builder with debts of $199k – offered $28k lump sum from personal savings- saving $171k
Conditions & the Fine Print (top 3) :-
- Operate under company structure
- Owe less than $1M in total
- No prior restructure past 7 years
As a finance broker I assist such clients being restructured – now with a profitable business and a clean credit record – with residential, commercial and business finance — numerous time now we have assisted clients.
For more information or to discuss your own borrowing power, reach out for your free, no-obligation chat.
Restructure Your Small Business Debt and Save Up to 80%
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