Latest / Let's Talk Small Biz Finance with CIC Tucson
What Will Happen If I Can’t Afford My Business Loan Payments? | Coffee Chats with Caroline Nelson
In this episode of CIC’s Let's Talk Small Biz Finance Podcast, Caroline Nelson and Irasema Bañuelos discuss what can happen when a small business can’t make loan payments. They explain common loan documents, why contacting a lender early matters, and how missed payments, default, collateral and personal guarantees may affect a borrower. The conversation is informational, not legal advice; the hosts recommend consulting a lawyer or lender with specific questions.
About the Host:
Caroline Nelson is the Chief Operating Officer and Director of Lending at Community Investment Corporation (CIC), a…
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