Debt is a necessary evil when running and building a business. Managing this debt properly requires a sound strategy. Thornwood Small Business Advisors helps business owners understand the long term affects of their debt and develops strategies to eliminate it in less time than current loan terms. Most strategies can help eliminate all debt, including a home mortgage in less than 10 years.
When the elimination of debt is not a major concern, we develop strategies to help business owners use debt as a tax reduction, asset protection and retirement tool.
The strategies can be complex, the best way to illustrate it is through a case study. Click below for an actual case study that reduced a $1,900,000 debt from a 28 year payoff schedule to a 15 years. This strategy saved the business owner $289,000 in interest and provided a surplus of $232,000 in surplus funds for retirement.