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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. Now, you can just worry about running your business without these nagging worries in the back of your mind. The nice thing about getting this done?
A company divestiture, by definition, is one of these kinds of bumps in the road for a business. Divestiture may not be fun, foreseen, or welcomed, but it’s a vital concept to understand as a small business owner, as it can affect your business finances. Divestiture Definition. Bankruptcy.
America’s small businesses face unprecedented challenges. Small businessbankruptcy 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.
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. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.
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. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.
A recession has a general definition which is a “slippage in economic activity,” but a common definition is two consecutive quarters of negative gross domestic product (GDP) growth. A recession can impact businesses in a few different ways.
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. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.
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