Being a small business owner, or even a medium to large business owner, comes with a unique set of financial challenges that seem to only be intensified by the current COVID-19 crisis.
Many businesses have had to furlough or layoff staff; all while trying to limp forward day-by-day. Many entrepreneurs are being faced with the harsh reality that existing in a state of suspended limbo forever is not a sustainable business model. Besides the emotional strains that business owners may face, there are legal and financial issues that must be carefully considered as well.
I would encourage any business owner, whether self-employed or at the helm of a large corporation, to seek out the necessary financial expertise and work to develop a debt reorganization plan that allows your company to maintain normal business operations while you continue to navigate the uncertain months ahead.
We’re all in this together – and my family and I are here to provide the guidance needed in these trying times.