Fundera

JUNE 13, 2018

If you don’t have that protection in place by dividing your business finances, you risk opening up your personal finances to seizure when that judgement goes against you. If you’re a serious entrepreneur—or even a casual one—there’s no reason to put your personal assets, credit score, and precious time at risk.

Credit Scoring 94

Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy 94

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. On the payments side, electronic payments definitely make bookkeeping easier.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Due

MAY 28, 2023

Here we’ll discuss how the bank crisis may affect the future of entrepreneurs and what you can do to protect your business. These risks include credit risk, meaning loans may not be paid turning them into non-performing assets, and liquidity risk, which is when withdrawals from the bank are more than the bank’s available funds.

Bankruptcy 53

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

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

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. They essentially offer you zero financial protection if your business isn’t as successful as planned.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79

Fundera

JANUARY 13, 2018

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. They essentially offer you zero financial protection if your business isn’t as successful as planned.

Default 52

Default Business Bankruptcy Small Businesses Bankruptcy 52