What Happens If You Default On An Unsecured Business Loan: 5 Legal Strategies Small Business Owners Often Ignore
Entrepreneurs face tremendous challenges, and failing to repay an unsecured business loan can feel like a catastrophic setback. Alarmingly, 60% of small business owners who default on unsecured loans risk bankruptcy within 18 months. Yet, most remain unaware of five legitimate solutions that could preserve their fiscal well-being. This comprehensiv