Debt Free League Offers Lower Fee Small Businesses Debt Restructuring Over ... PR Web (press release)
San Diego, CA (PRWEB) August 27, 2011
The scarcity of business loans has increased the popularity of business credit cards, yet Debt Free League warns, they also increase risks for bad credit and the loss of assets for small business owners. However, their business debt restructuring may be a better solution to resolve serious cash flow problems. Plus, now the debt relief company is offering lower fees through their Debt to Freedom Plan .
The heavy financial toll in Wall Street has put U.S. small business owners in an eminent debt and credit crisis. According to a Pepperdine University study, so far this year 60 percent of small business loan applications were denied by banks. (Source: http://bschool.pepperdine.edu/appliedresearch/research/pcmsurvey/ )
Although many small businesses are scurrying for working capital to keep their doors open or prevent bankruptcy , commercial banks are hardly issuing business loans out of fear of yet another market crash.
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