Tag: Secured Loans
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Lien – Simple, Business and Legal Definitions
A documented right to property owned by a debtor and granted to a creditor is referred to as a ‘lien’. Although relatively a simple definition, it gets much more complicated when used in various contexts.
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Debt or Equity in Small Business – Fundamentals
Small business books and manuals explain the formula used to determine whether additional debt increases the return for investors commonly known as return on investment (ROI).
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Form 1099-C: Cancellation of Debt
If you received a 1099-C, the first question you ask is: ‘Do I have to include this in my taxable income?’ Well, the answer is ‘it depends’. Not what you want to hear but there are a lot of variables involved in answering this question.
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Recourse and Nonrecourse Types of Loans
When a lending institution loans money they mostly fear nonpayment of the debt. Often these loans were implemented due to a third party’s endorsement.
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Small Business Administration – Capital, Development & Contracting
The Small Business Administration (SBA) is an agency of the federal government that provides loans, counseling and procurement opportunities with the federal government.
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The Different Types of Bank Loans
There are many different types of bank loans, each having their own respective purpose. All bank loans are categorized into two distinct groupings.
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Cash is King – The Value of Cash Flow
For any small business operation, getting cash into the bank account is critical to survival. Without cash, the probability of success dissipates quickly. How do you get cash into the bank account? There are several sources of cash: they include capital, loans and customer payments.