Massachusetts Business Debt Attorney

Helping Business Owners Deal with Debt Mitigation & Management

The U.S. economy is supported by more than 25 million small businesses that are each essential to connecting consumers with the products and services they need. Operating a small business, however, is anything but easy. For many, taking on debt is an undesirable but necessary course of action when they want to expand their businesses or need to remain afloat during difficult times.

If your company took on debt for any reason and need help getting out of it, turn to The Law Office of Glenn F. Russell, Jr. for help. Our attorney has nearly two decades’ worth of experience when it comes to providing business owners the solutions they need to manage or mitigate their debt.

We can help you address issues such as the following and more:

• Small business debt consolidation
• Merchant cash advancements
• Small Business Administration (SBA) loans
• Chapter 11 bankruptcy

Want to learn more about how we can help you deal with your business debt? Schedule a consultation with our Massachusetts business debt attorney at The Law Office of Glenn F. Russell, Jr. to learn more about our services and how we can support you during this time. Attorney Glenn F. Russell has the extensive knowledge, unique experience, and aggressive approach it takes to achieve unparalleled results for his clients.

Do You Have a Merchant Cash Advance?

Many business owners take advantage of merchant cash advances when they need quick access to capital for a brief period of time or want to side-step the stringent credit requirements of a traditional term loan.

Not technically loans, merchant cash advances are based on the credit and debit card sales of your business. If your revenue has dried up due to a downturn in business, meeting the requirements to pay back the merchant cash advance may eventually force you into considering alternative options.

Two alternative options may be available to you at this time include:

• Settling your debt with your lender for a lesser amount
• Modifying the terms of your merchant cash advance with your lender to make it more affordable to pay back with the level of business you’re

Pursuing either of these options will require an experienced business debt attorney in Massachusetts like ours at The Law Office of Glenn F. Russell, Jr. If your lender is refusing to provide relief, we may be able to help you seek by other means, such as Chapter 11 bankruptcy.

SBA Loan Negotiations and Settlements

If you took on a loan from the Small Business Administration (SBA) and are now struggling to afford it, no one will fault you for feeling a little nervous at this time. In order to qualify for an SBA loan, you signed a personal guaranty – this means that your personal assets and property may also be at risk if you default.

Rest assured that this is not a certainty if you act quickly to get the legal support you need. The Law Office of Glenn F. Russell, Jr. can help you negotiate an SBA loan modification, deferment, or settlement to save not just your personal finances, but even your company as well.

Our business debt attorney in Massachusetts has the knowledge, skill, and experience it takes to represent SBA loan borrowers in negotiations with the SBA and lenders. Reach out to us for assistance if you are unable to afford payments on your SBA loan.

Do You Need Legal Assistance?

The Law Office of Glenn F. Russell, Jr. is here to provide support to business owners who need debt relief options. Running a business doesn’t always go as planned, and dealing with debt can quickly become a nightmare if you don’t act as quickly as possible to get the help you need to manage your situation.

We can provide the legal support and services you need to deal with business debt whether it’s an SBA loan, merchant cash advance, or something else you’re now struggling with. Rest assured that The Law Office of Glenn F. Russell, Jr. can help you get out of a tough financial situation for your business while mitigating the impact it may have on other areas of your life.