DELRAY BEACH, FL, UNITED STATES, May 20, 2021 /EINPresswire.com/ – Predatory business loans plague the nation and no one pays attention to it. Why do so many companies file for bankruptcy? Not so long ago, payday loans started to become illegal. Main Street companies face the same “fast cash” problems in the high risk – short term – revenue based – non-credit driven – commercial lending sector, or, more simply, merchant cash advances. With billions of dollars per year and effective rates in excess of 700% per year, it’s no wonder these businesses fail.
What’s driving that? Massive commissions. The Merchant Cash Advance section is not regulated in terms of sales and does not require a license. The commissions for the creation of the advances are getting bigger and bigger. Some businesses even offer unlicensed brokers 20% of the value of the advance to settle the deal. These brokers often structure these trades so that the company makes multiple advances at once to increase these commissions. This in turn stifles the borrower’s cash flow.
Let’s say a company has gross monthly sales of $ 100,000. Your first advance will be in the range of $ 100,000, the broker could fund another in the range of $ 70,000, another in the range of $ 35,000, and possibly another for $ 15,000. All of a sudden, the company is in over $ 300,000 in debt. Most of it is due in less than 6 months. The broker who organized this may have generated commissions in excess of $ 25,000. Anyone can do this from their home with a phone, computer, and a few good contacts in the room.
Meet Ian Nadjari, also the above broker. With his hunger for success and his knowledge of the debt space, how could he not be one? The good news is that Ian is no longer conveying these advances. Two years ago, Ian found his close friend and business associate in space, dead from an overdose, and decided to turn his life around on a sobriety. This also meant stopping the use of predatory debts. In the process, Ian had discovered a career in which he had identified options for solving these advances in a more digestible manner. Today Ian is running with the help of Clement Noll and Alexander Tate Partner for corporate debt, formerly Relief Restructuring. Using Ian’s contacts in space, he is confident that he can help you find a solution to your trade debt.
Meet Clement Noll, Clement met Alexander and Ian when he was employed by a health insurance company where he discovered his love for sales and the satisfaction that comes from offering consumers a product that fits their needs and concerns soothes that they once had. Andrew rose quickly. He started out as a pre-qualifying agent and ended up overseeing four highly successful agencies. Clement is ambitious in his attempt to carry his empathetic nature and ability to win the trust of families and individuals with him to help them regain their troubled businesses and aid their return to profitability.
Meet Alexander Tate, Alexander was an early graduate of West Virginia University with a full life ahead of him. However, the indulgences of life forced Alexander to look in the mirror and realize that he needed to change his behavior. He entered a sobriety over 2 years ago and thus began to achieve his personal and professional goals. Alexander brings two years of experience in the financial services industry, particularly in sales and marketing. Alexander takes great pride in the work of Corporate Debt Partners, as in almost all cases companies can significantly reduce the constant financial burden and focus on growing a sustainable and profitable company. Alexander looks forward to helping companies see light at the end of the tunnel in these troubled times.
In taking on these unconventional banks, the team has three main goals in diving into a new file. The first is to negotiate the total interest due. Even if the lenders cut it in half, they are still making a lot of money. The second is to convert daily or weekly ACH drafts into a single monthly payment. And to extend the payback period by at least one year.
If your company is currently struggling to keep up with the progress, the following team can be reached:
Contact name: Ian Nadjari
Company name: Corporate Debt Partners
Telephone number: 801-784-3328
Email: [email protected]
Website link: Corporatedebtparters.com
Partner for corporate debt