Fundera

SEPTEMBER 20, 2018

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

Credibly

OCTOBER 31, 2023

Additionally, your lender can report the default to credit bureaus, which can have a negative impact on your credit score and you’ll likely be unable to get another business loan ever again. What happens if your business defaults on a loan? Doing this has an enormous impact on your credit score.

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Default Credit Scoring Credit and Collections Bankruptcy 40

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. After all, you are the one in control of your business’s finances.

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Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

Fundera

JUNE 13, 2018

No matter what industry you’re in, money is the great unifier among small business owners. And there are a few things every business owner needs to do in order to manage your money the right way—but nothing’s more important than separating your business and personal finances. Bookkeeping and Tax Headaches.

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Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy 94

Due

MAY 28, 2023

The news is full of doom and gloom about the bank crisis and a potential recession, causing many consumers and business owners to fear the future. A bank crisis does, in fact, have impacts on the economy and can particularly affect entrepreneurs and small business owners.

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Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

Fundera

MAY 22, 2018

When it comes in the form of a small business loan , debt can be beneficial to keeping your business functioning and growing. But, as a small business owner, you’re likely also aware of the bad kind of debt, which can be debilitating to businesses and their individual owners.

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Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 40

Fundera

MARCH 10, 2019

When you sign a personal guarantee, you authorize the lender to seize any of your personal assets to repay the loan, if business assets aren’t sufficient to cover loan payments. Small Business Administration loans, or SBA loans , are some of the most best loan products out there for small business owners.

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Default Credit and Collections Small Businesses Business Bankruptcy 74