Dealing Successfully with Small Business Debt

Often businesses are known to be struggling under overwhelming debts. Taking the correct amount of debt, that too, at the perfect time, could make all the difference between a successful business and a business that is struggling for survival.  As per statistics provided by the SBA (U.S. Small Business Administration) about 50% of small businesses tend to fail during the initial five years predominantly because of lack of capital, overwhelming debt, and poor credit arrangements.

Most businesses would be looking for loans for fortifying their cash situation, for bolstering financial growth and funding expansion plans. However, the past few years have been extremely critical and difficult for small businesses that ended up borrowing excessively without having the capability of making back what they actually owe. These struggling organizations could have survived the economic recession, had they taken a well-informed and sound borrowing decision in the initial stages. However, there is no scope for retrospection once creditors and debt collectors are after you.

In such a financial crisis situation, the small business owner is left with two options for effectively dealing with debt. The business owner may make all efforts to save his small business by trying his best to settle all outstanding debts or accounts. The other alternative is to let his small business fail of course, with an appropriate exit strategy which would be minimizing or mitigating financial consequences.

Save Your Business

The first choice for the business owner is obviously to try and save his business by using money from his own personal funds and diverting it to his own business. This seems to be a calculated risk which till date has failed an equal number of times as it has tasted success. You could choose this solely as a short-term strategy which promises chances of a long-term repayment of the outstanding debt.

Reduce Costs

If you are not in a position to get rid of the business debt by using private funds, it is essential to identify and determine relevant areas where you could do some effective cost-cutting. May be you could consider subleasing unused space or selling off spare equipment. Even though, shrinking your workforce may not be a desirable option, you may need to do that for keeping your business afloat.

Contact Suppliers & Customers

Keep in touch with your customers. Offer attractive markdowns to top customers if they are able to pay you fast. Contact your suppliers and request them for deferred payments and even discounts if possible.

Get in Touch with Your Creditors

The  best debt relief option in case of multiple debts is debt settlement. Try connecting with your debt collectors or creditors and explain to them your predicament. Request lenders to accept lower interest rates, restructure all the existing repayment options, or boost your line of credit. If multiple collection agencies or creditors are running after you, nagging you via phone calls, and taking you away from operating your business seriously, you could get in touch with a legit debt settlement company. They would be negotiating effectively with your creditors for settling all your debts for an amount that is definitely lower than what you had taken out as a loan.

Consolidate Your Loans

You may opt for debt consolidation. The process involves consolidating all your business debts into one single loan and payment that would cut down monthly expenses without impacting your credit score negatively.



When you have tried the above-discussed ways to get out of your small business debts and failed, you may look for remaining alternatives such as selling off the business or liquidating the assets for negotiating a debt settlement with all your creditors. However, when all else fails, you could file for bankruptcy. Of course, it may have some drastic repercussions on your credit report.

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Bound by the cities

Bound by another one's pity's

Expect a place to be

Or expect not want to be seen


And I'll take you as walking money

I see you as a pretty big funny

We and I, all have found our place

And you my dear, have barely found a face

Bound to me, and to my briefcase

I'll lend you a smile, but you're a secret disgrace


Find the comfort in another's eyes

But in reality, another girl will have them hooked on their clever disguise

Find a place to be

Or expect not want to be seen


Stuck in a rut

With no qualities, not knowing what

Who are you and what are you in this city?

Gone and withdrawn, alone and all shitty?

Expect a place to see

Or expect us to be mean


For you are bound

What goes around, comes around

You are stuck here, forever with me

With no voice, or founding plea


For you are bound

My slave, to paint my sacred ground

What is Okay?

Tell me, is it ever really "Okay?"

At times I wish I could disappear, away from the day.


Tell me, was it really all a mystery?

Or was I really something plagued by history?

Judge me, try to reason my scars,

Yet, were you there for  my unreasonable wars?


Did you ever set foot in my shoes?

Taken account of what brings the blues?


Tell me, does it really matter?

If I was any more the sadder?

Perhaps it's just my business, only my trouble.

Not another place to intrude into my bubble.

I'll solve my self alone, and myself alone only

Not for you to break my silence, maybe tonight, I'd just like to be lonely.


Blame my shortcomings for my scars if you dare.

For me, it just occurred, the past isn't something I ever chose to wear.

Election Bingo 2013

 Election Bingo 2013


The election is coming roundabout

It’s time for us to sort it out

With lies and snipes and promised gold

The game is on for young and old


With three old parties from the past

They all deserve to run dead last

It is our lives with which they play

It’s way past time we had our say


Our paradise you give away

To foreign interests day by day

We dig it up and ship it off

The mining rich at us you scoff


To share the wealth it is a crime

Our men have died to give you time

You pay no tax, you keep it all

Your house of greed in time will fall


And the “Retail Giants” don’t help out

They’ve bashed the farmers all about

Crushed small business all to dust

They need a future, that’s a must


The greedy banks we have today,

Are running wild and boy we pay

We’ve bailed them out, we’ve kept them rich

They won’t help us when life’s a bitch


We’ve paid to keep the car mob’s growing

Building cars that won’t keep going

No hybrids here, just petrol tanks

It’s all because they’re run by yanks


The CSG crowd came to town

Clean and green all up and down

They’ll take the cash then do the bolt

They’ve done it before, now who’s at fault?


In the shadows lurk the “Nuclear Rats”

Trading in lies while living on the fat

Uranium should be left in the ground

It’s our children’s future we can’t let them down


And let’s not leave the media out

On all issues they’ve too much clout

They twist and beat the facts around

Until we can’t tell up from down


Their views are skewed by self interest

They always show their horse as best

The common goods not their concern

It’s all for them, the rest can burn


We’ve let the pollies bow to all these

They’ve brought our families to their knees

It’s time for us to nail them down

Before they shoot thru out of town


Now Tony Abbott says he knows

He’ll show us how to, just say “no”

It seems that where he wants to be

Is back in 1963


He says that when he gets the votes

He’ll show us how to stop the boats

They’re human lives he’s talking about

But does he care, I have some doubt


He’ll cut from health, he’ll cut from schools

There are no complaints from old sick fools

He wants to change back all they’ve done

We’ve paid for it once, the waste has begun


Turnbull, Hockey, wait in the wings

They both dream of bigger things

Julie Bishop’s “Death Ray Stare”

You know what’s coming, best take care


Bob Katter has a lot to say

But only if you’re straight, not gay

Gay marriage rights are settled here

They’re human rights, it’s crystal clear


Barnaby Joyce wears a different hat

He still thinks that the world is flat

He wants it like the way it was

No future for the kids of Oz



Clive Palmer’s jumped into the ring

And is going to fix up everything

He’ll put Australia up on blocks

Then cut it up and sell it off


A ship from history he wants to build

Foreign workers used cause we’re not skilled

Why not plant the seed in our own soil

Reward our country for your dreams toil


He throws eggs from the far cheap seats

And tells us all the ones he’ll beat

Pride always cometh before the fall

Success or regret, it’s too close to call


An “Angry” man has joined the fray

His former life he’s gave away

A trip in a boat has changed his mind

A solution for this he wants to find


He used to be a wild young rocker

His ride in Canberra could be a shocker

He can’t run rough over the people down there

He’s a much better chance of growing long hair


Julia says she has a plan

She’ll move us forward, every man

But the party can’t decide who’ll lead

While they all fight, we all bleed



Ruddy started out alright

Insulation, school buildings, solar light

But people are afraid to change

In 20 years who will we blame?


Warm houses powered by the sun

Our hi speed cable will be fun

Our country now should lead the way

We’ve got it all, and we can pay



Christine, Adam, Sarah Young

The Greens are aiming for the sun

But to change it all within a day

You have to learn the way to play


You have to teach, you have to show

Don’t go too fast, just go slow

The big three have maligned you all

Australia now should hear your call


And wise and old Nick Xenophon

It’s just a shame he’s only one

He stands up and he stands up tall

He’s the only one with balls


He talks with calm, he talks with sense

He just won’t sit up on the fence

He tackles tough, he plays the ball

He fights for one, he fights for all


The barrel rolls and the numbers drop

The decisions made we have to cop

Democracy is not an ego game

Our apathy now is our future shame


It’s time to speak up, have your say

Black or white, straight or gay

Our future now is in on the brink

Don’t let it all wash down the sink



So there’s your choices, have a pick

Some are good, some are thick

But just remember when you vote

One day we might be on the boat.



This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part may be reproduced by any process, nor may any other exclusive right be exercised, without the permission of Neville John Gourley, 2 Sarah Court, Capalaba, Queensland 4157, and dated 02-05-2013.

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Consequences of Complacence

I come from a land ravaged by suburbia

and pillaged by consumerism.

Savage businessmen wielding briefcases bursting with misery—

documents and papers detailing the death of society,

the rise of tyranny and bureaucracy,
the reign of money.

The fame of capitalism reeks of concrete and iron,
chemical cleansers and emporiums of oil drums.

Industrial war guns beat the rhythm of the new society,
give the view of this despondency,
this chaotic wreck of a failed experiment
somehow managing
to perpetuate itself,

still able to infiltrate ourselves and be absorbed

by that impetuous sponge,
that inherently bilious,
developed ambitious
mass of empiricism,
reasoning imperialism as logical and somehow making capitalism


dressing the able in suits,
putting the apes in cages for entertainment on weekends when their boss says,
“Take the day off.”

The suits rip their identity asunder and indulge at their pillaged lands as a vacation

just to go back on Monday and repeat the process.

An assemblage of machine gears and levers automate the system,

driven by goals and future-mindedness,

unconscious sustainment of egoism,
despite the conflict,

regardless of intuitive compulsion reasoned as abhorrent by specialized experts.

I without me is revolt.

‘Tis the purity gleaming through prisms producing vast vibrancy—

breathtaking beauty leaves me lightheaded,
discordant with this SHIT propagated by elected leaders,
collective breeders of ideas and identities,
destroyers of loving societies.

An intoxicating smog fills our lungs with stable satisfaction,
or at least adequate apathy to leave us complacent,

but carrying the catarrh,

coughing up blood and tar,
emitting exhaust like a diesel truck.

Poisoned by our own action, a different course must discernibly be followed,
perhaps no course at all, but the presence of just one essence:

-Ryan K. Fuller

Author's Notes/Comments: 

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