Your Virtual Credit Manager

JANUARY 14, 2025

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% Customer past due balances cause cash flow shortages, increase the need for borrowing, and create a significant work requirement in order to accelerate collections.

Bad Debt 130

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. Cash Flow is the number one cause of small business bankruptcies.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

tillful

MAY 17, 2023

Here’s a closer look at what collection filings and derogatory marks mean for businesses. Plus, learn how long they stay on your record, how to prevent them, and tips on getting your business credit back on track. What does it mean to have a business debt in collections? Chamber of Commerce.

Bankruptcy 52

Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring 52

Credibly

OCTOBER 31, 2023

Table of Contents What happens if you default on a business loan? What happens if your business defaults on a loan? What’s the difference between default and delinquency? What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit?

Default 40

Default Credit Scoring Credit and Collections Bankruptcy 40

Fundera

JANUARY 13, 2018

Let’s say your business fails and cannot pay its bills. For example, if you default on your loan for any reason, your lender can hire lawyers to gain a judgment in their favor. . According to SBA standards, anyone with a 20% or greater stake in the business should be part of the guaranteeing process.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79

Fundera

MARCH 10, 2019

This makes lending to small businesses much less risky for the lender since they know that the government will pay them back, even if the borrower can’t. You need to have good credit and strong business financials to apply, and in most cases, you have to sign a personal guarantee. Are SBA Loans Personally Guaranteed?

Default 74

Default Credit and Collections Small Businesses Business Bankruptcy 74

Fundera

JANUARY 13, 2018

Let’s say your business fails and cannot pay its bills. For example, if you default on your loan for any reason, your lender can hire lawyers to gain a judgment in their favor. . According to SBA standards, anyone with a 20% or greater stake in the business should be part of the guaranteeing process.

Default 52

Default Business Bankruptcy Small Businesses Bankruptcy 52