
It is not out of the ordinary for a business to find itself in a tough spot owing multiple creditors at once and not having the financial strength to handle all of it. When this happens, the business usually has to file for bankruptcy and a whole new set of problems can be created. This is where the Patterson Commercial Lending Debt Reconstruction Program comes into play.
We will cause each creditor to be paid in full and rather than have 3, 4 or more monthly notes, you will have only one.
As with any other loan, we still have to weigh the risks. Generally, you are going to need to have assets or liquidity.
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