Small Business Borrowing After Bankruptcy

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February 7, 2005 by Dane Carlson | 0 Comments

BusinessWeek: “A bankruptcy — particularly a recent one — is definitely going to be counted against your business when a bank evaluates your credit worthiness on a loan application. Unfortunately, the mark stays on your record for 10 years. Nonetheless, it may not be impossible for your company to get a new loan, experts say, particularly if you are willing to pay higher interest rates and put up substantial assets as collateral.”