What Happens If You Default On An Unsecured Business Loan: 5 Legal Strategies Small Business Owners Often Ignore
Business proprietors face enormous challenges, and defaulting on an unsecured business loan can feel like a catastrophic setback. Surprisingly, 60% of small business owners who default on unsecured loans risk bankruptcy within 18 months. Yet, a majority remain unaware of five lawful escape routes that could safeguard their financial future. This in