Business debt comes in many forms — term loans, lines of credit, equipment financing, Merchant Cash Advances, and more. When the combined payments become unsustainable, the solution depends on what kind of debt you have, your business's financial situation, and what you qualify for.
There is no single "debt relief" product. There are four distinct paths, and they are not interchangeable:
- Refinancing — Replacing existing debt with a new loan, ideally with better terms
- Consolidation — Combining multiple debts into a single new loan
- Restructuring — Negotiating new terms with existing lenders without new financing
- Settlement — Negotiating a payoff for less than the full balance
Which Path Depends on Your Situation
A business carrying multiple MCAs may need a different approach than a business with a single term loan it can no longer afford. A business that qualifies for new financing has different options than one that doesn't. And a business with temporary cash-flow pressure may need a different solution than one with a structural debt problem.
Use our business debt burden calculator to estimate how much of your revenue is going to debt payments, then explore the options below to understand which path may be appropriate.
Relief Options
Four distinct paths — understand which applies to your situation.
Problem Guides
If you're facing a specific situation, these guides address it directly.
MCA-Specific Debt Relief
If your debt includes Merchant Cash Advances, these resources address MCA-specific options.
Tools
Understand your numbers before exploring options.
Explore Your Options
Submit your information and our team will review which available capital structures may be appropriate for your business or project.
Financing is subject to underwriting, eligibility, and approval. Products, terms, and availability vary by program and lender. Submitting information does not guarantee approval or funding. This page is educational and is not financial, legal, tax, or investment advice.