Business borrowers in default on loans can shore up their defences with some very effective strategies. 13,000 Australian borrowers are currently said to be at risk of loan default. APRA says it is modelling how safe the banking industry is from recession. Nobody bothers to model how safe those small business borrowers are from foreclosure. That is why we established our GBAC business debt consultancy years ago for small business owners. I have owned family  businesses. When default looms, borrowers should act fast to make themselves safe from foreclosure. Business debt mediation is an option that should be strategically prepared for very well as the bank will use ruthless experienced officers and lawyers. They are more of a last resort. Votergrams can also provide a very effective remedy for business owners who have been cheated, misled or robbed by the bank. Votergrams enable borrowers to inform the parliament of what the bank has done wrong and to seek  help. Given the massive dishonesty of major banks revealed by the Banking Royal Commission, MPs are very willing to assist. Refinance is always an option. It can be a very good way of dealing with bank loan or debt problem. We offer a cheap and effective Borrow Better service that helps borrowers get the cheapest and best loans available. It is no good hoping that a broker paid by the bank is going to negotiate the cost and terms of your loan down for you. They are paid to make money for the bank. I am not a fan of restructures like debt consolidation because that puts “all you eggs into one basket”. If the consolidated debt gets into trouble it can cause a storm rather than a shower. Better to have your debts spread a bit so that you can negotiate with each lender and if one gives you a hard time then it only affects a small part of your total debt. Debt help is always available from www.gbac.au and in my experiences the faster it is sought the sooner the problem is solved.