Category: Small Business Debt

4 Types of Small Business Loans that May Work for You

by Jacob Hippensteel | Oct 15, 2021 | Small Business Debt

In 2020, small businesses helped create 1.6 million new jobs. Small businesses use loans to stock their shelves, invest in new equipment, and hire new employees. As a small business, the right loan can help you expand your business, and in doing so, your profits....

4 Tips to Get Your Small Business Out of Debt

by Jacob Hippensteel | May 5, 2021 | Small Business Debt

Taking on debt to launch your business can be a good thing—it can help you finance your company, buy more items, or expand your offerings. Things might be running smoothly for a few months or even years, but at a moment’s notice, sales can quickly decline, increasing...

What Are the Most Common Ways of Financing a Small Business?

by Joe Panvini | Feb 17, 2021 | Small Business Debt

Many people dream of one day owning their own business. But there’s one question you need to answer: How will you fund your business? There are plenty of options to choose from, but as with everything in life, there are pros and cons. Outlined below are some of the...

Determining Whether You May Exit Your Commercial Lease During COVID-19

by Garrett F. Charity | Aug 5, 2020 | Debt Relief, Small Business Debt

What happens if you’re forced to shut down your small business due to COVID-19 and are in the middle of your lease? The attorneys at McCarthy Law can help! Click for more information!

Are Student Loans Suffocating Small Business Development?

by Kevin Fallon McCarthy | Jun 11, 2015 | Small Business Debt, Student Loan Debt, Student Loan Debt Settlement

Student Loans Impacting Entrepreneurship A recent Wall Street Journal article finds that areas burdened with high student loan debt suffer in the area of small business development. This is concerning because many young people are at a time in their lives when they...

What happens if you default on your SBA Loan?

by Kevin Fallon McCarthy | Mar 26, 2015 | Business Debt, Debt Relief, Small Business Debt

WHAT HAPPENS IF YOU DEFAULT ON YOUR SBA LOAN? UNDERSTANDING YOUR SMALL BUSINESS ASSOCIATION LOAN (“SBA”) First, you need to understand the hands that involved in your SBA loan. You may think that you have just taken on a loan through a private bank, like Wells Fargo...

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