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Small Business Bankruptcy Archives

When debt financing leads to debt struggles

Among the challenges that arise for entrepreneurs when getting a business started is securing the funding their new company needs. There are various options business owners have for addressing this issue. Among the main ones is debt financing.

Refinancing can also happen with business loans

There are many things that can lead to companies taking on significant debt. Sometimes, small businesses run into struggles keeping current with the payments on the loans they have taken out. When this occurs, there are a range of strategies small business owners could pursue to try to lower their payments and stabilize their debt situation.

Some businesses look to peer-to-peer lending for financing

There are a variety of reasons that a traditional bank loan might not be an available or attractive option for a given small business owner. Given this, it is important to remember that such loans are not the only financing avenue small companies can pursue. Among the recent trends for small businesses is a growth in alternative financing options.

Don’t forget about business credit score

In today’s world, it is getting increasingly common for people to pay attention to their personal credit score and how to protect and improve it. It is important, however, for small business owners to remember that this is not the only credit score that can have major implications for their future.

How can a confession of judgment hurt my business?

Entrepreneurs have fallen victim to a growing scam that uses a legal document as a weapon to strip away funds from growing companies. The fraud also relies on the New York court system and an owner’s eagerness to expand into new markets.

What is loan stacking and why can it be a problem?

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.

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