Risky SIC Codes in a Recession: The Ugly Truth of Risk and Skittish Lenders

Risky SIC Codes –Will Your Business Be Denied Funding? All businesses can potentially have problems getting loans during a recession. This is the nature of an economic downturn – funding tends to dry up. Higher-risk businesses have problems even in the best of economic times. But when you put them both together, you get risky…

Risky SIC Codes in a Recession: The Ugly Truth of Risk and Skittish Lenders

Risky SIC Codes –Will Your Business Be Denied Funding? All businesses can potentially have problems getting loans during a recession. This is the nature of an economic downturn – funding tends to dry up. Higher-risk businesses have problems even in the best of economic times. But when you put them both together, you get risky…

Creditors and Predators: 10 Ways to Avoid Falling Prey to Predatory Lenders, and 6 Questions to Ask Before You Jump In

How to Tell the Difference Between Legit Creditors and Predators Out to Eat You Alive Watch any animal reality show and you will see what happens between predators and prey.  In a similarly menacing way, some lenders actually prey on unsuspecting borrowers.  Not only do they leave finances in ruins, but often the trail of…