Commercial Debt Recovery is simply put, the process by which a business that has loaned out money to another business gets their money back when the borrower becomes delinquent on payments for said debt/loan. Many businesses, especially when first starting out, turn to commercial debt as a ways of financing their business' day to day expenses, improvements, etc. Because commercial debt involves a debt between two businesses, it is much less regulated and controlled than other debt, which can be good or bad, depending on how you look at it.
Congress put laws in place in regards to the recovery, or collection, of consumer debt, but those same heavy laws do not apply to Commercial Debt Recovery. Hence, this is something that both businesses should carefully consider and keep in mind prior to making any loan arrangements.
While some businesses may attempt to recover their unpaid debt themselves by sending reminders and past-due notices, often times it takes a third party's involvement to getting a business their owed money back to them. There are various collection agencies available that specialize in helping a business recover their funds from another business.
A business that is going through commercial debt recovery may consider such specialists for a variety of reasons, depending on how long the loan has been delinquent, the amount of money the loan is for, the terms of the loan, the costs associated with hiring such specialists, etc.
Whether a business decides to hire a third party to recover their unpaid debt, the business should first consult with a reputable lawyer, skilled in this particular field; who can explain and explore all the options a business may have; who can carefully explain the law and what the creditor's and debtor's roles are; and finally one who can guide the business towards the next steps it should take.