National Credit Partners Helps Small Business Owners Who Are Overwhelmed

with High Interest Debt

Small business owners are increasingly turning to alternative online financing as a fast way to keep
their business afloat - although this money is easy to obtain, the interest rates are astronomical and
the terms often predatory. That is where National Credit Partners steps in to help the over extended
business owners.

Santa Ana, CA, May 22, 2019 --(PR.com)-- National Credit Partners Helps Small Business Owners
Being Crushed by High Interest Loans.

National Credit Partners provides “Business Loan Modifications” for over-extended business owners who
are overwhelmed by debt and facing insolvency or even bankruptcy.

Let's face it, small business lending has changed since the recession. Although business owners prefer
traditional loans through a bank, only 54% of SBA applications were approved last year.(1) As guidelines
tighten and regulations increase small business owners with less than perfect credit are increasingly
turning to online lenders who offer fast and easy to obtain financing.

Merchant Cash Advance loans have exploded onto the scene and 56.8% of applications were approved
and over $16 billion dollars of this type of credit were extended to business owners last year.(2) Although
most lenders and business owners have the best of intentions when they enter into these types of
agreements, the daily payments and sky-high interest rates up to 400% can create problems for business
owners who run into an unexpected situation. Many of these business owners face financial ruin because
they had signed a Confession of Judgment or agreed to a UCC Lien or personal guarantee. These business
owners are sinking because of their business debt management and the practice of “stacking” these types
of loan on top of each other and in danger of going under. This is where National Credit Partners comes
in to save the day. National Credit Partners specializes in helping over-extended business owners
restructure and modify their business debt.

National Credit Partners advocates and works for the small business owner by restructuring and managing
their debt to free up cash flow and keep the business running. National Credit Partners provides business
debt relief by utilizing their strong relationships with the lending community and legal team to cut
payments and put the business owner into a new, affordable contract. National Credit Partners negotiates
for 100% payback to the lender (endearing them to the lending community) while restructuring the debt
so that the business owner has room to breathe and get back on their feet. This is important, because this
type of financing is largely unregulated, as the specific contract language refers to the money as an
"advance against future receivables." Due to this designation, the Merchant Cash Advance lenders are not
regulated - also, since the cash is advanced through the business entity there are no consumer protections
afforded. The struggling business owner is standing naked with the deck stacked against them when they
are unable to manage their business debt, while the lender's have multiple tools in their possession to
ensure they get paid.

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National Credit Partners business loan modification program offers the best of both worlds - they work to
free up cash flow for struggling business owners and help them stay open and avoid bankruptcy. At the
same time, they work hand in hand with the lender to make sure they are paid in full (100% of contracted
loan amount) with restructured, affordable terms. Obviously, lenders are not pleased when a business
owner defaults, but National Credit Partners knows that the lenders appreciate the fact that they are
negotiating for a full payback over an extended period of time instead of a business debt settlement. It is
rare in business for a solution to work for both sides. National Credit Partners skilled negotiators,
mediators and Attorney's provide an alternative solution for overextended business owners who are
drowning in debt. National Credit Partners has an A+ rating with the BBB.

If you are a business owner drowning in debt and need a lifeline, you can contact NCP directly at
info@nationalcreditpartners.org or 888-766-3998 or go to www.nationalcreditpartners.org

(1) www.finder.com/business-loanstatistics
(2) https://debanked.com/2018/02/banks-alt-funders-continue-to-compete-for-small-business/

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Contact Information:
National Credit Partners
Dean Miller
949-763-4280
Contact via Email
https://nationalcreditpartners.org

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/785597

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