Guiding business back on track.
When a business defaults on a loan secured by personal property, a lender can take back and sell commercial assets under Florida law. This out-of-court process helps secured creditors collect unpaid debt. How a UCC Article 9 foreclosure works A lender can take...
When a business runs into money trouble, owners often work with lenders or creditors to change payment terms instead of going straight to bankruptcy. It can save a business, but only if the owner handles it the right way. Here are two big problem areas where Florida...
When revenue slows and cash gets tight, many business owners assume their borrowing options have dried up. The good news is that the value already sitting inside your company can often open doors that a traditional unsecured loan cannot. If you own equipment,...
Vendors are the lifeblood of your company's operations. Building a long-term relationship with them can foster a good reputation, making them one of your trusted partners. When cash flow tightens for the first time, your instincts might push you to go silent. However,...
When you enter a business workout agreement, you make a formal plan with creditors to restructure debt and avoid bankruptcy. These agreements give you room to adjust obligations and keep operations running. But sometimes, even well-planned workouts fail. Knowing what...
The Small Business Administration (SBA) is a federal agency that helps small businesses get loans. The SBA does not lend money itself. Instead, it guarantees part of the loan, so lenders feel comfortable approving the business. Many Florida businesses use SBA loans to...
