Article | April 13, 2019

what the results are when you are defaulting on a vendor advance loan?

When you look at the years prior to the 2008 financial meltdown, small enterprises had a frequent way to obtain short-term capital—their home equity. Quickly house that is rising permitted them to borrow secured on their domiciles and place the cash in their business to purchase more inventory, fulfill a purchase order or employ more workers.

Then things changed. The 2008 crisis that is financial home equity nationwide and tightened financing requirements.