My husband's employer of 17 years chose to restructure the company. He is now pursuing a new trade entirely. Is there any grants or other money available for his new business and our family finances during this transition? Our debt to income is totally out of whack and we need help!How do I dissolve debt or get my mortgage payment lowered with a poor credit score to avoid bankruptcy?
Your Husband should look into an SBA Loan (Small Business Administration). If you have a house to use as collateral, that might make getting a loan easier, but he will have to draft a business plan. Have him speak with a loan officer at a local bank about his options.
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