Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Any enterprise extending credit to another business needs to have real treasury expertise.

Accounts Receivable (AR) 130

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

Credibly

OCTOBER 31, 2023

What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit? Almost defaulting on your business loan is an incredibly difficult experience to go through. What happens if you default on a business loan? These occurrences are collectively known as events of default.

Default 40

Default Credit Scoring Credit and Collections Bankruptcy 40

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?

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Default Credit and Collections Small Businesses Business Bankruptcy 74

Fundera

JANUARY 13, 2018

A personal guarantee is simply an agreement a business owner signs agreeing to use their personal assets to pay back the loan in the event the business can’t pay back the loan itself. . It’s sort of like the business owner becomes a personal “co-signer” of the loan.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79

Fundera

JANUARY 13, 2018

A personal guarantee is simply an agreement a business owner signs agreeing to use their personal assets to pay back the loan in the event the business can’t pay back the loan itself. . It’s sort of like the business owner becomes a personal “co-signer” of the loan.

Default 52

Default Business Bankruptcy Small Businesses Bankruptcy 52

Fundera

OCTOBER 23, 2019

The operating agreement outlines each member’s ownership stake in the business, voting rights, and profit share. An LLC can be collectively managed by the members or managed by an appointed manager. Usually, LLC members decide on company matters in proportion to their ownership stake—called membership units—in the business.

Bankruptcy 40

Bankruptcy Business Bankruptcy Default Credit and Collections 40