What Business Owners Should Know Before They Guarantee a Line of Credit
FFGN COLLECT NY
AUGUST 16, 2020
In addition to non-payment of the interest or principal owed, there are other ways to trigger repayment of the loan, This may include defaulting on other loan agreements with the lender, winding down business operations, litigation, and more. . There are plenty of situations where a lender may accept less than the amount owed.
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