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 ...

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, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The program is the latest target ...

Amid the COVID-19 outbreak, policies around the U.S. Small Business Administration’s lending program were loosened to get more capital into the hands of the enterprises that needed it at a quicker ...

Ruedy declined to comment on the situation. SBA loan defaults generally occur in two stages. The first is when the bank decides it won’t get its money back and asks the government for the guaranteed ...

Outcomes vary depending on the type of bankruptcy filed, whether the loan is secured and whether a personal guarantee was signed. Many, or all, of the products featured on this page are from our ...

You should repay your SBA loan early if the interest savings outweigh any prepayment penalties — and it makes sense for your financial situation. Many, or all, of the products featured on this page ...

There has been an increase in defaults on small-ticket single loans, which are less than Rs 10,000, in comparison to larger loans. This trend is causing concern among money lenders and is impacting ...