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

It’s sort of like the business owner becoming a personal “co-signer” of the loan. This agreement is binding even if the business is incorporated or a limited liability company (LLC). Let’s say your business defaults and cannot pay the SBA loan back. This offers more protection for your personal assets.

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