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Unlimited vs. Limited Personal Guarantees
Throughout the business loan application process, you are going to sign quite a few documents. One of the most important signatures on the loan document is the personal guarantee, yet often times business owners don’t fully understand what they are signing here
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Cash Flow Management
A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers.
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