The starting point
Being current is not the same as being able to sustain the payments. A useful review identifies the cash-flow gap, the obligations involved, and the questions an independent servicing company must address.
A review does not pause collection or deadlines
Do not stop or alter payments based on a website or consultation alone. Contractual consequences can continue during a review. If you receive a lawsuit or other legal papers, promptly consult appropriately qualified counsel; a debt review does not suspend response deadlines or collection activity.
Recognize pressure before a missed withdrawal
Look beyond whether the bank account covered today’s debit. Compare the next several weeks of expected collections with MCA withdrawals and essential operating costs. A growing vendor backlog, delayed owner compensation, or reliance on a fresh advance can indicate that payments are being supported by temporary cash rather than ordinary operations.
Write down what is due, when cash will arrive, and which assumptions could fail. Identify returned withdrawals, default notices, and legal papers separately so an urgent issue is not buried in the budget.
Separate debt help from new financing
A debt review examines existing obligations, payment capacity, contract processes, and possible negotiated paths. It is not a loan approval or a promise to replace every balance. Another financing offer creates its own costs, payment requirements, and risks, even if it is described as relief or consolidation.
Ask whether an offer changes the existing obligation or pays it using new money. Compare actual usable proceeds, the full new obligation, and the combined withdrawals that remain. A smaller advertised payment alone does not answer those questions.
Evaluate what the business can realistically support
A review is useful when withdrawals are straining operations, several positions overlap, or the owner cannot clearly explain the remaining balances. Potential options depend on the agreements, current status, documented hardship, and funds available after essential expenses and other obligations.
If the business loses money before any MCA payment, a payment change alone may not restore viability. Identify operating changes and obtain appropriately qualified accounting or legal help where needed. No referral can create missing revenue or require a provider to accept terms.
Know who does what after the consultation
The initial 30-minute consultation with New Guidance Group is complimentary. We review your debt schedule, cash-flow pressure, and priorities, then connect you with an independent servicing company suited to the situation. We are not a lender, negotiator, or law firm and do not provide legal, tax, or accounting advice.
The independent company handles any negotiations, creditor coordination, restructuring work, and fulfillment under its own engagement. A consultation or introduction does not change your agreements, authorize a payment change, or guarantee that a company or creditor will accept a proposal.
Ask practical questions before signing
Ask the independent company who will handle your matter, which obligations are included, and how creditor communications will be managed. Request a written explanation of fees, when they become payable, cancellation terms, and any separate professional costs. Clarify what happens if a creditor refuses a proposal.
Understand how you will receive updates and copies of accepted terms. Ask about default exposure, guarantees, collateral, and the resources required to perform. Have an appropriately qualified professional address questions outside the servicing company’s role before relying on the engagement.
What to prepare for a review
- All MCA agreements, renewals, amendments, and guarantee documents
- Recent bank and processor statements showing deposits and withdrawals
- Provider balances, withdrawal dates, and all default or collection communications
- A weekly cash-flow forecast and payroll, tax, rent, and essential vendor obligations