DEBT REDUCTION

Increase your business cash flow and improve your financial position by managing your business debts.

There are a number of ways small to medium business owners can minimise debt;

Negotiating better terms with creditors to ensure you have the best interest rates and forgiven late fees.
Switching higher-interest loans to loans at a lower rate. The most common example of this is replacing personal loans with one which uses the equity on a mortgage.
Keeping to a budget regarding expenditure levels.
Minimise regular debt expense – as the debt must be serviced each month it can become a regular expense and cut into future savings.
Maintain some savings when the business is prosperous; as each dollar you save is a dollar is a dollar that can help you later.