When a company defaults under a loan agreement the results can be catastrophic to the company, and any guarantors of the loan.
CHICAGO, IL (PRWEB) May 03, 2017
Cash is the lifeblood of any business. While some companies operate solely with their own working capital, most must borrow money from time to time. Borrowing, of course, includes something as mundane as buying goods or services on credit (whether on credit terms or by using a credit card). But most companies of any significant size have a revolving line of credit or a term loan, or both, with a bank or other commercial lender. This Financial Poise Webinar series explores where companies should look for business loans, how to negotiate them, and what to do if they default under them
The fourth episode of the series, Dealing with Defaults- What to Do and Not Do When Your Company Violates its Loan Agreement (Register Here) airs on May 9th at 2pm CST and features Moderator Tom O'Hare of Marquette Business Credit. He is joined by Kyle Mathews of Sheppard Mullin, Mark Fucinato of MB Financial and Todd Zoha of MorrisAnderson.
When a company defaults under a loan agreement the results can be catastrophic to the company, and any guarantors of the loan. On the other hand, some defaults are much easier to deal with than others, and even significant defaults can be dealt with in a manner that avoids disaster. This webinar explains the different types of defaults, the range of lender reactions to various defaults, and how to best deal with them. In particular it focuses on the steps borrowers and their advisors can take to keep the lines of communication open and mitigate the negative effects of a default.
Previous episodes in this Business Borrowing Basics series include Negotiating a Loan Agreement, Alternative Financing - When the Bank Says "No", and Financing a Business With Help from the Feds, and are now available on-demand through Financial Poise Webinars. Each episode is delivered in Plain English understandable to business owners and executives without much background in these areas, yet is proven to be valuable to seasoned professionals. Each episode in the series brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. And, as with all Financial Poise Webinars, each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all of the episodes.
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Financial Poise™ (http://www.financialpoise.com ) provides unbiased news, continuing education, and intelligence to private business owners, executives, investors, and their trusted advisors. For more information contact Emily Goldin at egoldin(at)financialpoise(dot)com or 312-469-0135.