What Happens if You Cannot Pay Back Your Business Financing?

Sale purchase contract to buy a house, Real estate agent are presenting home loan and giving keys to customer after signing contract to buy house with approved property application form.

We get it. Sometimes things get tough, and you don’t have the funds. However, failure to pay your lender as agreed upon after receiving business financing can cause you to go into default. The default can be immediately after a missed payment or months later, depending on your loan or financing terms and state or… Continue reading What Happens if You Cannot Pay Back Your Business Financing?

All You Need To Know About Business Credit Score

What’s holding you back from receiving a business finance injection? Like your personal credit score, your business credit score is built over time and is crucial when applying for business financing or loans. In laments terms, business credit signals your company’s ability to handle its finances, purchasing ability, and debt. Both business credit and personal… Continue reading All You Need To Know About Business Credit Score

Is Your Business Loan-Ready?

Taking out a loan can be a big decision for any business. Knowing whether or not your business is ready and able to take out a loan and pay it back can be difficult to figure out, but there are a few questions you should always ask yourself.