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How to Recover From Business Credit Card Debt

Fundera

Casey McNamara, a senior loan specialist at Fundera, says that medium-term loans and SBA loans are a strong fit for this purpose, due to their longer payment cycles and lower monthly payments which are more like credit card payments.

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How to Get Merchant Cash Advance Debt Relief

Fundera

Financing companies provide a lump sum of cash, which they calculate according to your business’s credit card receivables. In return, that financing company takes a percentage of your credit card sales. Bankruptcy will negatively affect your credit report, but it also might keep your business from completely failing.