The Consequences of Defaulting on an Unsecured Business Loan: 5 Legal Strategies Small Business Owners Often Ignore
Small business owners face tremendous challenges, and missing payments on an unsecured business loan can feel like a catastrophic setback. Alarmingly, 60% of small business owners who default on unsecured loans risk bankruptcy within one and a half years. Yet, most remain unaware of five legal strategies that could safeguard their financial future.