The Startup Magazine
MAY 11, 2020
Whether you are new in business or an established entrepreneur, you need to be diligent with your finances. There are several reasons a bank will reject financing applications, but the most common is a low credit score. If your business credit score is low, applying for a bad credit loan can help you secure the financing you need.
The Startup Magazine
APRIL 8, 2021
If a business or person is unable to pay off their debts, then they may be forced to liquidate or declare bankruptcy. The purpose of liquidation and bankruptcy are actually quite similar, although the way that both are applied are not the same. What is bankruptcy? What are the types of bankruptcy? Source: Pexels.
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YoungUpstarts
JULY 16, 2020
If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts. Setting up a legal business entity for your business creates a “company” that is different from your personal identity and separate from your personal finances.
YoungUpstarts
MAY 5, 2016
Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future. A business failure can become dicey when an entrepreneur takes on too much debt, taps personal or family savings, and later needs to declare bankruptcy.” Don’t forego insurance.
YoungUpstarts
APRIL 5, 2016
By Jay DesMarteau, head of small business and government banking distribution for TD Bank. TD Bank’s 2015 Small Business Survey found that while most small business owners handle their businesses’ bookkeeping, two in five are unsure about their financing strategy and how to seek additional credit. Last year the U.S.
Both Sides of the Table
NOVEMBER 14, 2010
It’s true that it’s cheaper to start companies now and cheaper to get distribution. That would mean that the increased number of new business startups will lead to a “funding gap&# of deals that can’t get financed. This is the time it takes for a bankruptcy or asset sale to occur. Or a quick flip.
YoungUpstarts
JULY 23, 2013
The video also echoes what I have noticed in my own life, where a growing number of professional and business people are now out of jobs or businesses, recently lost their home to default or foreclosure, or have recently filed bankruptcy or are on the verge of doing so. which was about $54 trillion in 2009.
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