Board Certified Specialist in Bankruptcy
It's a sign of the times that we too often write about helping small business restructure their enterprises or file for bankruptcy protection. When a piece of news comes across that might help small businesses stay afloat, we're happy to write about it as well. Small Business Lending Success This article in the LA Times caught my attention because it highlights small business lending success. … [Read more...]
A recent column in Business Week about small business lending examined the role of the personal guarantee. "Given that most business loans are unsecured, a lender has little recourse, when a loan goes sour, beyond the personal guarantee of principals. And if the principals backing a loan are broke, a personal guarantee is virtually useless." The article went on to tell prospective borrowers … [Read more...]