The starting point
Without new borrowing, a plan still needs credible operating cash or other identified resources. Evaluate the full terms and business viability instead of assuming a referral will create funds or creditor concessions.
Avoid plans built around unapproved payment changes
A non-borrowing review does not excuse payments or stop collection. Do not stop or alter contractual payments based on this guide or a referral. If litigation or insolvency issues arise, consult appropriately qualified counsel; debt-review discussions do not suspend legal deadlines or replace specialist advice.
Ask where the money comes from
A refinance or consolidation offer uses new financing to pay existing obligations and creates another obligation. A non-borrowing review examines current agreements and available resources without treating new credit as the solution. Names such as relief, buyout, or restructuring do not reliably distinguish the two.
Ask whether you will sign a new financing agreement, who supplies funds, which balances are paid, and what remains afterward. Compare actual net proceeds, all new payments, fees, and guarantees. New Guidance Group is not a lender and does not approve or provide financing.
Understand the paths without treating them as promises
An agreement may contain a reconciliation process tied to actual receivables. Separately, a provider may consider a negotiated change in remittances or another resolution. Settlement is a distinct possibility to evaluate, not an automatic reduction, and may require resources that the business does not have.
Each path depends on the agreement, current status, evidence, and provider decisions. A servicing company can assess and handle proposals under its engagement, but it cannot guarantee acceptance. Confirm whether the proposed path changes only timing or also the total obligation and other terms.
Identify funds the plan can actually rely on
Start with collected operating revenue after essential expenses and other obligations. Include seasonal variation, slower receipts, and working capital needed to keep trading. Do not count an unsigned customer contract, hoped-for sales rebound, or unavailable financing as money ready to fund an arrangement.
If other resources are being considered, identify their availability, timing, restrictions, and effect on operations. Obtain qualified tax, accounting, or legal advice before relying on decisions with those consequences. A proposal requiring a lump sum is not feasible merely because its stated balance is smaller.
Include fees and ongoing exposure in the comparison
No new loan does not mean no cost. Request an independent company’s written fees, payment triggers, cancellation terms, and treatment of unsuccessful proposals. Include those charges in the cash-flow forecast alongside all amounts required by creditors. The complimentary initial consultation is separate from an independent engagement.
Ask what happens while proposals are considered and if they are rejected. Existing default provisions, guarantees, claimed security interests, and collection activity may remain relevant. Obtain written creditor terms before relying on an arrangement, and have qualified professionals address legal disputes or possible tax and accounting consequences.
Address an underlying operating loss honestly
If ordinary revenue cannot cover essential operating costs before debt payments, changing MCA terms may not be enough. Identify whether there are realistic operating changes and how long available cash can support them. Avoid a proposal that works only if expenses disappear or revenue immediately returns to a peak.
An appropriately qualified accountant, business adviser, or attorney may be needed to evaluate viability, insolvency, or closure questions. No servicing referral automatically resolves those problems. New Guidance Group offers debt and cash-flow review nationwide, not legal, tax, or accounting advice; independent companies handle fulfillment, and specialist advice remains a separate responsibility.
What to prepare for a review
- All existing MCA agreements, estimated balances, and current provider notices
- Recent financial statements plus bank and processor records
- A forecast separating operating receipts from financing and owner contributions
- Details of realistically available resources and essential operating costs
- Any refinance offer or independent servicing agreement for a full-term comparison