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    4 Replies Latest reply on Jan 27, 2009 11:19 AM by bmt2008

    Help, What would you do?

    towl1996 Newbie
      I started a franchise pizza rest, about 14 months ago.Sales have been steady at 30k per month, however expenses have been running 42k/mo. I have an SBA loan for 500k and another 150k in other business related debt. I'm in defferment with the SBA right now and I haven't paid the landlord in 3 months, trying to renegotiate the rent. I have another full time business which is my bread and butter. Should I declare bankruptcy with this business or try to borrow more money and hope the economy picks up and sales increase.
      Thanks