RESTRUCTURE CORPORATE DEBT
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Taking on a business loan to either start up a business or grow your business can seem very exciting and in that excitement the part where you sign as a guarantor for that loan usually seems insignificant.
However, when your business is not generating enough cashflow to keep up with the repayments and you start having to fund it yourself is when the downhill slope starts.
In some cases, the business may no longer be viable, and you may need to wind up and in those cases the loan balance that is payable loan becomes your responsibility.