When a business owes you money and refuses to repay it, you can take steps to ensure that the money is paid back. One option that you could pursue is filing a lien on the assets of the business. When you file a lien, you will have a legal claim against the property that is owned ...
both large and small, use borrowed capital to smooth out uneven cash flow, fuel growth and fund other business initiatives. Whatever the need, asmall business loanis one of the most sought-after methods of funding.
Tim Hargis, partner at West Equity and former Vice President of Business Development and Real Estate Strategy at Tuft & Needle, advises thinking about customer acquisition when choosing a location. He says, “Consider how you’re going to drive potential customers into your store. Are you going...
Home equity loans vs. business loans: What’s the difference? While they’re both forms of financing, ahome equity loandiffers from a business loan in several ways. A home equity loan or line of credit (HELOC) is a debt that’s secured by your home, similar to a mortgage. Basically, ...
Or starting aside hustle. To “extend the runway” in my own business, I picked up freelance writing. I enjoyed it so much that I still do it today, years after my business turned a profit. Look for ways tostart your business on the side of your full-time job. If you want to star...
Finally, a business could have a voluntary lien on it if the owner takes out aline of creditto cover operating expenses or other costs. In this case, the lender would not take possession of the business if the borrower defaults but instead receive a security interest in it. ...
A business line of credit gives small business owners access to short-term funding. Learn what a business line of credit is, how it works, and how an unsecured line of credit can help manage cash flow.
How a Corporate Lien Works Corporate liens are a type oflienthat is used against a business rather than an individual. Placing a corporate lien on a business requires a court order that states that the company is in arrears for money owed to another entity. ...
mortgage or a subordinate lien. As the name implies, this second mortgage is junior to the first one in terms of creditor reimbursement. If you get foreclosed on or become bankrupt, the primary mortgage lender recoups first; the holder of the subordinate mortgage is second-in-line to get ...
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance ...