Debt restructuring is reorganizing a company's outstanding financial obligations to improve the company's financial situation. This may involve extending the terms of the debt or refinancing the debt. Debt restructuring can be an effective way to improve your company's cash flow and financial stability.
Debt restructuring can provide several benefits to a company, including:
Improved cash flow: By extending the terms of the debt, a company can free up cash that can be used for other purposes.
Financial stability: A company that can restructure its debt may be able to bid for more jobs, become current on accounts payables, or purchase newer equipment to complete jobs more efficiently.
If you are considering debt restructuring for your business, Equify Financial can help. Our equipment finance professionals are available for the life of your business. Whatever questions or concerns you may have on making payments or maintaining your account, we are eager to answer them and help you succeed.