Don Todrin
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Donald Todrin is the CEO and Founder of Second Wind Consultants, Inc. who specializes in SBA Loan Workouts, business debt forgiveness and solving difficult business problems in general. Don has authored dozens of articles. His academic background includes: A Bachelors degree in Economics from the University of Massachusetts, Amherst, a Law degree from Northeastern University, and a Masters degree in Small Business Taxation from Boston University. Far more important is his life time of experience on the firing line, negotiating difficult workouts, leading companies through tough turnarounds, and training executives how to more effectively manage and grow their business. He long ago determined the need to impart significant change in his clients approach to managing their businesses, so the manager can continue to lead his/her team through growth and development long after we concluded our mission. Follow Don on Twitter and join his Facebook fan page.
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A Don Todrin article on SBA Loan Default Workout - I have done the research and women are a driving force in new business start-ups. They are implementing more new business plans than men. Millions of small businesses are initiated and owned by women.
A Don Todrin article on Building Profitable Business Organizations - This may all seem quite obvious; however, it is quite amazing to know how few small business owners take the time and effort to find this information out, therefore missing out on a better opportunity to close a sale.
A Don Todrin article on SBA Loan Default - Enough, your banker is your opponent. He/she is committed to collect all you owe. This is not the person you want to seek advice from, no matter how close you have been and how helpful he has been in the past.
A Don Todrin article on SBA Loan Default - It has been happening over and over. Our clients experience such phenomenal results and are so impressed and excited about us, what we do, and how successful we are at it, they ask us if they can represent our company in their area.
A Don Todrin article on SBA Loan Default - In a word, it works. Their tough boy no nonsense, no compromise demeanor results in much higher payoffs to their bank.
A Don Todrin article on Defaulted Bank Loan Workouts - We frequently speak about SBA guaranteed loan workouts which have their own specific requirements.
A Don Todrin article on SBA Loan Default - For many it is a battle, you against them. Them being the bank, lessors, vendors, credit card companies, whomever you owe money to and cannot pay. Your objective is debt forgiveness, not total absolution.
Some of the issues are net worth, income, spousal income, protected retirement investments, family, basic overhead, secured debt, other assets, other business interests, medical issues, education, age, where you love, what the assets in your business are worth, structure of the offer, and previous income history to name a few.
A Don Todrin article on SBA Loan Default - Small business owners with significant debt want to do a workout to reduce their debt and call us for such support. We evaluate their finances and occasionally it does not add up.
A Don Todrin article on SBA Loan Default - "I see this often: small business owners swiping cash out of the register or however it is received and held. Sometimes it's just the lure of the green, an instinctive move that cannot be overcome, a need to have cash in your pocket. I understand."
