Due to the challenging economic environment, your business may have run into trouble. You may need a loan- and you may be in a hurry to take any loan you can get.
No matter how much you need the money, before you agree to terms, you need to know exactly what you're signing. You need to be positive as to what the financing rate is, what the default rate is, if and how you have personal responsibility for the debt, and what collateral you are agreeing to provide.
You may have an existing loan agreement where you have fallen behind on payments, It could be time to approach your lender about forbearance or re-negotiation of loan terms.
If you want a quick review of your new or existing business loan agreement and a review of the best approach to your business's needs, call me today to put my my years of business lending and business operations expertise to your advantage.
Neil S. Siskind, Esq.
Neil Siskind, Neil S. Siskind, Neil Siskind Lawyer, Neil Siskind, Attorney