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) April 25, 2016
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 company that is in the business of lending. This webinar series explores where companies should look for business loans, how to negotiate them, and what to do if they default under them.
As with all Financial Poise™ Webinars, each episode in the series is designed to be viewed independently of the other episodes, and listeners will enhance their knowledge of this area whether they attend one, some, or all of the programs.
Episode #4 of the Business Borrowing Basics 2016 series is "Dealing with Defaults - When your Company Runs into Trouble."(Register Here) airing on May 4, 2016 at 2pm CST. Moderator Tom O'Hare of Marquette Business Credit will be joined by Rick Rosenbloom of Fuel Break Capital Partners, Lewis Grimm of Jones Day and Richard Carmody of Adams and Reese LLP.
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.
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Financial Poise™ 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.