Substance use management platform Pelago raises $58M
The company works with employers to offer substance abuse management as a benefit
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Healthy cash flow is very essential for a successful small business organization. However, with the recent changes in the US economy, the economic environment has become unfavorable for most businesses as they’re desperately trying to stay afloat in the tough economic times. Filing business bankruptcy can be a good option for those who think they can’t manage their debts but you must be aware of the fact that bankruptcy can trash your credit score and make you unworthy of getting any further line of credit. Though business debt consolidation help can be a wise option to restructure your debts, you must know the intricacies of seeking business debt counseling by debt consolidators before getting your debts consolidated.
What does commercial debt counseling accomplish for a business?
Before plunging into the debt consolidation bandwagon, you must get commercial debt counseling so that you can get a grip on your business finances. Just as consumers find themselves drowning in an ocean of debt, businesses may also bury in debt due to mismanagement, sudden expansion of business infrastructure and lack of enough revenue. During such a situation, you must be aware of the services provided by a commercial debt counselor.
Taking out a debt consolidation loan – Can it help your business?
If you have accrued too many debts, you must take out a business debt consolidation loan. You can reap the benefits mentioned below from a debt consolidation loan.
Therefore, if you’ve incurred too many high interest debts, combine them by taking out a debt consolidation loan. Though it is not so easy for you to take out a business debt consolidation loan, you can shop around and get the best loan in the market. Repaying your debts by seeking debt consolidation help can make you get back on track.
The company works with employers to offer substance abuse management as a benefit
Read more...The company added Trip Hofer, former CEO of Optum Behavioral Health Solutions, to it board
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