For independent business owners facing distressed loans, staying on top of payments is crucial for maintaining a solid financial standing. If you anticipate financial difficulties lasting a considerable time—like a year—it's vital to communicate openly with your lender. Short-term solutions, such as a three or six-month forbearance, can offer immediate relief, but consistently delaying payments past 60 days can raise serious concerns with your financial institution. Extending overdue payments can strain relationships with lenders and adversely affect your credit score, making it a less effective long-term strategy.