Small business owners sometimes encounter challenges when it comes to getting financing for their company. For example, they might not get approved for as big of a loan from the bank as they were hoping for. When this happens, some business owners might be tempted to stack loans.
The last part of the year, including the holiday season, can be a very impactful time for small businesses.
Debt can serve some very important purposes for businesses. For many companies, it can be a critical source of financing for getting off of the ground or growing. In a 2017 survey, around 77 percent of polled small business executives pointed to money from financial institutions as being important for small business success.
Filing bankruptcy can be an extremely difficult time for businesses. Will the business be able to stay open? Will employees be laid off? These questions can be overwhelming and depend on which type of bankruptcy a business chooses.
Businesses can have a wide range of capital needs. Sometimes, companies will turn to credit to meet these needs. There are a range of different credit options businesses can have. One is a business line of credit.
Your business has been struggling, and you now have debt that seems insurmountable. You have considered filing Chapter 11 bankruptcy, but you do not know if it is the right choice for you. Bankruptcy is a very useful tool for individuals and businesses that wish to discharge their debts and start over with a clean slate. If you are wondering whether to file Chapter 11, these are a few ways to determine whether this option is right for you.
It is very common for entrepreneurs here in California to turn to financing to help with the costs of getting a startup up and running. What decisions startup owners make regarding financing can have long-term implications for their company.
For small business owners, knowledge truly is power. Having the right information and know-how can be key for such owners in their efforts to steer their company towards success.