Free, confidential debt review · No credit check · Serving businesses nationwide
888-970-1040
Free, confidential debt review · No credit check · Serving businesses nationwide
888-970-1040
No single approach cures every debt problem. What works for one business fails for another, so we offer choices and explain the road bumps in each before you decide. One way or another, we’ll solve the problem.
Suspend · Reduce payments · Reduce principal · Wipe out the debt
Performance-based fees. We profit when we succeed for you.
Percentages show how often each option is the right fit for the businesses we take on.
If revenues have dropped substantially, we negotiate a temporary break on payments with MCAs, vendors and other lenders. Forbearance doesn't reduce the principal, but it frees up cash flow to keep the doors open. When you can afford to pay again, we restructure the payments lower.
On time or already behind, restructuring lowers your payments so the business can survive. MCA companies are contractually obligated to lower payments when you can demonstrate a decrease in revenue. The trouble is getting them to do it, and that's where we come in.
If you defaulted a while ago, we negotiate principal balances down to lower payoff amounts. The best discounts usually come as a one-time payoff, so this option carries the largest savings short of closing the business. Results vary case by case.
A discount off the balance owed, paid over time. The right choice when you don't have a lump sum available but still want the balance reduced. Once the agreement is in place, affordable payments keep future collection efforts off your back.
If a creditor has filed for arbitration, a lawsuit or a confession of judgment, our nationwide attorney network provides your defense at a discounted rate. They stall cases, arrange payment plans, negotiate settlements and assert any legal defenses your case has.
A last resort, handled by the same attorney network at a discounted rate. Bankruptcy stops lawsuits and judgment collection in their tracks, whether you want to close the business and wipe out the obligations or keep it open through a Chapter 11 or 13.
*Attorney network services may not be available in all locations. Sigma Financial Solutions is not a law firm and does not provide legal advice.
Lack of cash flow is the one issue every client shares. The typical client holds multiple positions with different advance companies, with all future receivables pledged away and nothing left for day-to-day operations. Contrary to what other providers say, you can get help before you miss payments and before you’re in default. Here is what defaulting invites.
Missing one or two payments can be deemed a default. If you signed a COJ, the funder files judgment against you personally and against the business, then uses it to freeze your bank and merchant processing accounts. They see all your money as their money. We see otherwise.
Alongside the COJ, they file a UCC lien and send it with a demand letter to your processors and your customers, instructing them to pay the funder instead of you.
Closing the business to avoid paying doesn't end it. Taking multiple advances, stopping payment, opening a new bank or merchant account, or paying only what you could instead of the contractual percentage are all breaches they will pursue against your own assets.
