Small Pool & Spa Company needed Relief!
In some cases, businesses have been tricked into borrowing money from Hard Money Lenders, who only care about quick repayment. In this case, the money was coming out of the business so fast, payroll was in jeopardy. Ascend restructured the debt in the entire company giving the necessary relief to the cash accounts to cover all operational expenses. We turned a daily debit loan and reduced the monthly debt service by 500%.
For Small Clients: Watch who you Borrow From!
In most cases, traditional funding is now almost completely out of reach for small business. What has replaced it is hard money groups who charge upwards of 50% cost of money. There are better options, but if you have a loan like this one...we need to talk immediately.
