How Do Underwriters Determine Who Qualifies for Traditional Small Business Loans & Financing? Anyone who has applied for a loan – whether as a small business or an individual – has likely heard of the term ‘underwriter.’ That said, although the term is quite common, what the underwriting process actually entails is widely misunderstood. As… Continue reading How Do Underwriters Determine Who Qualifies for Small Business Loans?
What Percentage of a Small Business’s Budget Should be Spent on Payroll? When a small business fails, the negative ramifications can be substantial – jobs are lost, careers and reputations are damaged, the economy is burdened, and more. One of the best ways to help prevent small business failure is to maintain a closely-watched and… Continue reading What Percentage of a Small Business’s Budget Should Spent on Payroll?
(949) 868-1050 [email protected] Why is Cash Flow So Important in Small Business Loans? Wherever your business is at the present time in terms of development and growth, financing is always an issue. Whether you’re a startup without the ability to cover all costs involved to merely “get off the ground,” an existing company looking to… Continue reading Why is Cash Flow So Important in Small Business Loans?
What is a UCC Lien/Confession of Judgment? Many distressed small businesses face the common predicament of whether or not to agree to a UCC lien or confession of judgment (COJ) when securing a loan (which can often be a critical lifeline needed to keep a company operational). While a UCC lien or confession of judgment… Continue reading What is a UCC Lien/Confession of Judgment?
Paid in Full vs. Settled for Less: Which Option is Best? Paying off a loan debt is a positive accomplishment for any small business. But for businesses in distress, debt modification may allow for the loan to be ‘settled’ as opposed to ‘paid in full.’ Although the everyday terminology typically used to describe these two… Continue reading Paid in Full vs. Settled for Less: Which Option is Best?
What is a Merchant Cash Advance and What are the Benefits for Small Businesses? Small and medium-sized business owners often require capital quickly in order to remain operational and grow to successfully compete in their respective industry. While some companies are able to access low interest loans or have the luxury of being funded by… Continue reading What is a Merchant Cash Advance and What are the Benefits for Small Businesses?
What is Article 9 Debt Relief and How Can it Help Your Business Recover? Introduction to UCC Article 9 UCC Article 9, part of the Uniform Commercial Code, was crafted to establish a coherent and consistent framework for secured transactions. These transactions involve a lender providing credit to a borrower with a promise of… Continue reading What is Article 9 Debt Relief and How Can it Help Your Business Recover?
What is Business Debt Modification? Creditors are in the business of lending money and generating revenue on the interest accumulated over the course of a loan. But what happens when a guarantor has trouble paying back a loan or cash advance? As creditors are not collection agencies, when a guarantor defaults, it’s bad business. … Continue reading What is Business Debt Modification?
(888) 766-3998 [email protected] The Dangerous Hidden Clause in Your Business Loan These are challenging times and small business owners are seeking financing in record numbers. The SBA (Small Business Administration) has been a significant help for many industries, but not all industries are covered (Here’s the SBA’s list of eligible and ineligible industries) and, as we learned this month, the PPP (Paycheck Protection Program) fund has run dry. Cash-strapped business owners… Continue reading The Dangerous Hidden Clause in Your Business Loan
The Truth About Business Debt Settlement Programs If it sounds too good to be true, it usually is. Even though Business Debt Settlements offer a lower payment to cash-strapped business owners, the truth is that most merchants are not able to complete the terms and, sadly end up shutting their doors before they’ve paid enough… Continue reading The Truth About Debt Settlement Programs
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