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3 Replies Last post: Jul 27, 2009 12:58 PM by bruler

short term long term debt help

Jul 25, 2009 9:49 PM

bruler 2 posts since
Jul 25, 2009

We have had business for 2.5 years but undercapitolized, maxed credit cards but still have good scores. We currently have sba loan. Does anybody know how we can turn the short term cc into long term debt. We need to grow business and branch into other sectors. Already tested just need to capitol. Any ideas would be very helpful.

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LUCKIEST 7,938 posts since
Aug 6, 2007

1. Re: short term long term debt help Jul 27, 2009 10:05 AM

short term long term debt help

I have tried twice to post good info. There is a block

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phanio 483 posts since
Apr 7, 2009

2. Re: short term long term debt help Jul 27, 2009 12:54 PM

There are few options for your business. First, there are many debt consolidation companies that only work with unsecured credit card debt. This could be a way to consolidate your credits card balances into a long-term loan. Also, depending on the amount you are seeking, there are other SBA loans that can help you, micro-credit loans or just plain old non-bank unsecured lenders.

Business Money Today
www.BusinessMoneyToday.com

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bruler 2 posts since
Jul 25, 2009

3. Re: short term long term debt help Jul 27, 2009 12:58 PM

in response to: LUCKIEST

I don't know why you would be blocked. Lucking forward to contact.

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This Question is Possibly Answered

short term long term debt help

Jul 25, 2009 9:49 PM

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