small business的英文定义以及相关信息!

Small business debt consolidation is a debt management solution that can take two different forms. In one incarnation, consolidating debt for a small business can follow the same basic process used for individual debt consolidation. An alternative method involves going through a debt consolidation company that actually negotiates with creditors and secures more affordable payment plans that allow your business to retire the outstanding debt in a manner that is beneficial for both you and your creditors. Each approach has benefits and disadvantages that should be considered before initiating any type of small business debt consolidation.

One of the most common ways of consolidate debt is to work with a lender to secure a loan that pays off all current financial obligations. In return, the lender establishes a repayment schedule that allows the debtor to make one simple monthly payment until the debt is retired. Often, the lender will even prepare and remit payments to eac