For Borrowers

Services Offered

Document Review

Our first step for any client is to thoroughly review all documents related to the loan. We often find mistakes in either the loan documents, the legal pleadings or in serving the lawsuit.

Lender Negotiations

We have long experience in lending and loan workout, so we know what lenders are looking for. We have a network of contacts with lenders and their law firms, so we know just who to call to get results.

Cash Flow Analysis

Borrowers usually default because of unrealistic loan terms (i.e., daily payments and 72% interest) or due to a lack of cash flow. If cash flow is insufficient, is it because you have too few customers or because you have too many customers who don’t pay you on time? We can help you identify and resolve those issues.

Attorney Referrals

The best solution is to resolve your loan with new terms that you can live with. But sometimes you need an attorney. We can help you find a good, reasonably priced attorney in the jurisdiction where you have been sued.

Have You Been Sued By Your Lender?

The match is now lit. A lawsuit has been filed, responses are due, documents must be filed, hearings are scheduled. If your lender is a “FinTech” or internet-based lender, the lawsuit was likely filed in Maryland, Virginia or some other jurisdiction far away from your business. The loan documents make a legal fight with your lender a guaranteed loser. The loan is in default, it is personally guaranteed and you are probably responsible for paying your lender’s legal fees.

Has Your Lender Obtained A Judgment Against You?

The fire is now raging. A judgment lien allows a lender to garnish your wages and personal bank accounts and assets in addition to those you pledged as collateral. All of which can be repossessed and sold.

Where to Start?

With no experience in these matters, where do you start in trying to resolve the lawsuit? Start with Andes Business Advisors, LLC.

Defaulted loans are our specialty – we know every step of the process intimately. Negotiating with your lender is not a do-it-yourself task. Because we have been through hundreds of workouts, Andes Business Advisors can cut to the chase, minimizing both the time and expense necessary to resolve the default.

But even with better terms from your lender, you may still struggle to make the loan payments. That indicates there is an underlying cash flow problem – not enough customers, margins are too low, customers are slow to pay – these are just a few of the many ways that your cash flow can suffer. Given our rare combination of many years in both lending and running businesses, Andes Business Advisors can help you resolve your cash flow problem.