Business.com on MSN
What happens if you can’t repay your SBA loan?
SBA debt forgiveness may be taxable: If a lender forgives part of your debt, you may receive a 1099 form for that amount. The ...
Business.com on MSN
What it means to default on a business loan and what to do next
Unfortunately, however, depending on financing can lead some small businesses to financial hardship and loan default. As payments are missed and the possibility of default looms, the type of lender, ...
For small-business owners, getting approved for a U.S. Small Business Administration loan means low interest rates and long terms, but it doesn’t necessarily mean success. A recent study by NerdWallet ...
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