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.
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.
Here's one way to unload unmanageable debt and try to build for the future - sell a division that's still attractive to buyers, yet could cause problems down the road. Sears Holdings Corp. CEO Eddie Lampert has put the retailer's notable appliance brand Kenmore up for sale.
If your business is struggling to stay ahead of creditors and pay employees, a small business loan could be the answer. But will you qualify?
Maybe you’ve heard about a successful entrepreneur who launched his or her company using their own credit cards. Occasionally, an independent movie that was produced on the filmmaker’s credit cards is critically acclaimed and gets widespread play.
A small business loan can be the difference between keeping the doors open and having to shut down. If you are unable to secure a loan from a bank, a number of alternative lenders have emerged in recent years. These lenders help many businesses when banks will not.
Your small business is going through a difficult time. You may have creditors pressuring you for payments, or you are struggling with inventory problems, or you may owe back taxes. Perhaps you are feeling the pain of all three.
Think of Chapter 13 bankruptcy as a business mulligan. Some tremendously successful figures in U.S. history have declared bankruptcy, including our current president and the president widely considered to be among the best ever. Abraham Lincoln had to repay creditors over a period of 17 years after a general store he co-owned failed.