INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Joseph Meuse.
On a recent Price of Business, Host Kevin Price visited with Joseph Meuse of Business GPS LLC.
On The Price of Business, host Kevin Price interviews guest Joseph from Business GPS LLC (businessgpsllc.com) to discuss the current tight lending environment, corporate loan defaults, and strategies for small business owners facing financial distress.
The Current Default Landscape: Joseph notes a substantial rise in defaults across main street businesses, comparing the current sustained cash crunch to levels not seen since the early 2010s. He highlights that over 50% to 60% of SBA COVID-19 (EIDL) loans are currently in default.
Leverage in Debt Negotiation: Counterintuitively, a messier financial situation can create greater leverage when negotiating with creditors, provided there is open communication and a clear path forward.
Aligned Incentive Model: Price and Meuse discuss how typical debt or restructuring consultants charge heavy upfront fees before paying creditors, which often angers vendors. In contrast, Business GPS operates on a contingency basis, only getting paid if the business succeeds in overcoming the situation—aligning interests with both the client and the creditors.
Rebuilding Vendor Trust: Successfully negotiating with vendors and creditors requires restoring trust, which is crucial for helping businesses stay operational and survive severe financial challenges.
After yearson Wall Street, Joseph Meuse created Business GPS because he was looking to use his experience and business acumen to help struggling businesses. Enter COVID-19, and his company is helping hundreds of businesses get government loans, decrease their commercial rental payments, negotiate their loans to better terms – all on contingency. It is a unique business model, where Business GPS gets paid at the end of the process.
A serial entrepreneur over the past 30 years, Mr. Meuse has started and built over a dozen successful businesses and in the process has also helped thousands of other US companies execute on their business plans. Sectors of experience span financial services, investment banking, accounting and finance, IT, business consulting and legal services, giving Joe a broad perspective on best business practices and how they can be most effectively transferred across categories. As a thought leader in business transformation and financial management, Mr. Meuse has been a regular contributor on TV and radio, including CNN, CNBC and Fox.
Learn more at https://businessgpsllc.com/.
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