Naperville Business Lawyer Discusses Start-Up Debt

As a small business owner and a business law attorney, I understand that starting a new business venture requires money—or capital, as it is often called in the in the corporate world. Some new owners fund their fledgling business through investors or with money they have set aside for just that purpose while others take […]

Know the Risks of a Personal Guarantee for Your Business Loan

For many small business owners, especially those who are just starting out, avenues for raising operating capital may be rather limited. If you are in such situation, you may have no choice but to apply for loan that requires you to offer a personal guarantee of its repayment. Over the years, many of my clients […]

Wells Fargo Announces Plan to Lend $100 billion to Small Businesses

Following the 2008 financial crisis, many financial institutions were conservative when it came to extending loans to budding new businesses. In recent years, the provision of small business loans and other financial assistance to emerging entrepreneurs has become a key goal for both private and public institutions throughout the country. Nowadays the prevalent view is […]

Types of Business Loans Offered by the Small Business Administration

The Small Business Administration (SBA) is a government run organization designed to help small business in all stages of a business’ life cycle. One of the most crucial stages in any business, and one in which the SBA can be especially helpful, is in the financing stage.  The SBA offers several different kinds of loans […]