How it Works

Settle Your Business Debt for Pennies on the Dollar
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How First National Can Help
Resolving Business Debt is Easier Than You Think!

Analyze Your Situation

We take a look at your current payables, creditor accounts, and anything else causing strain.

Create A Tailored Solution

We create a custom-tailored plan to immediately enhance your cash-flow and swiftly offer some relief.

Resolve Your Debt Issues

We do the hard part for you, so you can concentrate on what really matters - your business.
Debt Settlement
Debt settlement is the preferred option of debtors but sometimes, they approach it with the wrong assumptions. These give them a distorted impression of what this process is really all about.

While it is true that this debt relief method will aim to negotiate for a lower outstanding balance on your debt, waiving off late payment penalties and other charges, and a lower interest rate, it will not be served to you on a silver platter.

Do not get us wrong. This is still one of the best and legitimate options to get rid of debt and it really works for some people. However, we need to paint the right picture for you so you will be relieved of any false assumptions about your expectations of this program.
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Henry S. from Tampa, FL

Resolved $124,538 in Debt

First National Debt Solutions helped to lower my debt with On Deck from $124k to under $50k! They also structured an affordable 12-month payment plan for me. Without First National I'd be out of business. I can't thank you enough!

The Truth
Creditors will not always say yes.
This is heartbreaking for some people but this is the truth. The chances of your creditor saying NO the first time we approach them is possible. But this is why you hired us in the first place. We will not give up. A successful debt negotiation will ride on the sincerity of your financial capabilities, our expertise and our working relationship with the creditor.
Debt Settlement is not the favored option of Creditors.
There are a lot of debt relief options and sometimes, creditors will prefer them. This decision will be based on your financial capabilities – which will be in discussion and intense scrutiny while the debt settlement negotiation is going on. If they think that you are capable of paying off your debts entirely, they may agree to lower the interest rate but still maintain the outstanding balance. They can also offer to extend your payment period to lower the monthly amount that you have to pay.
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4 Reasons to be Guarded with MCA
Contracts can be confusing. The costs and repayment structure of MCAs can make them difficult to understand. Contracts are often loaded with unfamiliar terms, such as specified percentage (the percent you repay out of credit card sales), purchase price (the amount you receive) and receipts purchased amount (total payback amount).

MCA providers do not provide APRs, which makes it impossible to compare with other financing products. You may also be required to sign a legal document called a Confession of Judgment (or COJ), which forfeits your right to defend yourself if the company takes you to court.
Higher sales mean a higher APR. For MCAs repaid with a percentage of your credit card sales, the APR depends not just on the total fees paid but also on how fast you repay the loan. If your sales are weak, your payments spread out over a greater length of time and your APR drops. If you’re raking in the credit card sales, you repay the MCA faster —and, subsequently, APR goes up.

For example, the company might offer you a$100,000 advance with a factor rate of 1.3, for a total repayment of $130,000.If you repay it in just six months, the APR would be a minimum of 60%. If you repay it in 12 months, the APR would be a minimum of 30%.
There's no benefit to repaying early. Since you have to repay a fixed amount of fees no matter what, you get no interest savings from early repayment.

This differs from a traditional “amortizing”small-business loan, in which early repayment would result in less interest paid. It also means that if you decide to refinance, you’ll still have to pay all of the agreed-upon fees, and you may also get hit with an early repayment penalty.
Your credit score may be pulled. Although MCAs typically are an option for business owners with bad credit, that doesn’t mean the MCA provider won’t at least check your credit score during the application process.

Background credit checks are a common requirement for MCA providers but if the provider’s credit inquiry results in a hard credit check, it can hurt your credit score.
Why Choose Us?

Experienced Team

With our years of experience offering debt relief assistance, we have been able to save our clients millions of dollars.

Free Debt Review

Call us today for a free financial review and to see how First National Debt Solutions can get you back on the path to financial freedom and security

Proven Solution

Suitability, affordability and sustainability are the keys to a comprehensive relief plan. We work on your behalf with your creditors to lower your payments and keep your business alive and thriving.

Instant Results

We execute the best strategies possible to get fast, confidential business debt relief, a customized budget for your company, lower monthly debt payments, and resources for extra help.
Do You Qualify?
If any of these things are happening to your business, you’re at risk of business bankruptcy. Don’t wait until it’s too late.
Daily collection calls?
Falling behind on equipment lease payments?
Falling behind on a mortgage or car payments?
Using personal assets to secure an advance for your business?
Find Out If You Qualify