HomeWhen Should You Not Get A Business Loan?

When Should You Not Get A Business Loan?

We Reduce Business Debt

Lawscape is dedicated to helping business owners successfully resolve their business debt without headaches, or long term consequences.

We Provide Nationwide Business Debt Relief

Lawscape provides nationwide business debt relief services. We work a wide array of lenders, service providers, and types of business debt. We are able to restructure and reduce, all types of secured and unsecured business debt. 

Millions of Dollars in Debts

Our team has experience handling 10’s of millions in debt, ranging from SBA debt, to Merchant Cash Advance and more. 

All Types Of Debt

Regardless of the type of business debt you have, we can help. We have experience handling all types of secured and unsecured business debt. 


Our company is led by experienced business debt relief experts who have experience handling secured and unsecured debt nationwide. 

Failing To Repay Business Debt Isn’t The End

Many business owners think failing to repay business debt means: your business is over.

This simply isn’t true. Business debt is a problem which CAN be handled, just like everything else; but only if you take pro-active steps. Lawscape helps you understand the law, and works with you to make sure that business debt isn’t the end of your business. 

What Are Some Ways We Can Help With Business Debt Relief?

Our experienced business debt relief consultants are here to help you through this stressful time. 

When To Reconsider Obtaining a Business Loan?

So, buddy, you’re running a small business and questioning how a business loan could maybe weigh on your credit score. Well, my friend, that entirely banks on a couple of things. The majority of the time, a business loan default won’t dent your personal credit score. Still, there are a few conditions where it just might, and that’s what Lawscape and the Lawscape are here for. We’ve got your back and we’re ready to tell you when to steer clear of business loans.

Business Loan: When You Should Say No

Here’s the deal: taking a business loan isn’t always a smart move, even if you’re sure you can repay it. If your business is still wobbly and figuring things out, better not to jump into a loan. With little to no revenue coming in, loan repayment might prove tricky.

Plus, if your personal credit is in the dumps, getting a business loan may be a rock and a hard place. You see, lenders may tag you as a high-risk borrower and may offer less appealing terms, like inflated interest rates. If your business is not in dire need of cash, it’s sensible to wait until your personal credit improves.

The Consequences of a Defaulted Business Loan

Think about it: You’ve defaulted on a business loan. Ouch, that’s going to leave a mark on your personal credit score! It’s similar to how defaulting on any other type of loan would affect your credit score. Be certain you can keep up with loan payments before applying.

The Rules of Engaging Business Loans

Okay, so we know there are a handful of situations where getting a business loan isn’t wise even if you’re certain about repayment. Having a business in its initial stage of growth, for instance, may not be an opportune time to embark on a loan since revenue might lack consistency.

More Scenarios to Keep an Eye On

There are a few other scenarios where a small business loan default could possibly tweak your personal credit score. For instance, if you use a personal guarantee to secure the loan and default on it, that could alter your personal credit score. Also, if you’ve pledged your quaint little home as collateral for the business loan, defaulting on it could shake up your personal credit score.

Lawscape – Your Financial Lifeline

At Lawscape, we’ve made it our business to help small business owners get out from under the pressures of bankruptcy and SBA loan default. We can guide you through whatever credit situation your small business is facing. Find yourself in a hole of over $30,000? Don’t sweat it! Get in touch with us to discover how we can put you back on a sound financial track.

Benefits of Engaging Lawscape

Check out our scorecard: we have bundled up millions of dollars in SBA debts through Offer in Compromise and Negotiated Repayment Agreements. This has saved our clients from resorting to bankruptcy or the dreaded home foreclosure.

We’ve defended millions of dollars in Treasury debts through AWG Hearings, Treasury Offset Program Resolution, Cross-service Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements.

Our Attorneys, led by Lawscape, are sanctioned by the Agency Practice Act to represent Federal Debtors on a national scale before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.

Lawscape Can Help You Manage Your Business Debt

If you’re struggling with business debt, we can help you understand your situation. During the initial consultation, we’ll go over the contract, and other legal documents you signed. After that, our firm will work with you to get a better understanding of your situation, and help you come up with a game plan that keeps your business alive. 

We Handle It All


Merchant Cash Advance


SBA Debt Relief


Secured Business Debt


Unsecured Business Debt

Everyone has different types of business debt. What matters is that you take it seriously. Regardless of whether it’s secured, or unsecured, you need to work with a firm that understands how to negotiate, reduce, settle, and manage, this business debt. 

Discuss your situation today

We are here to help you, and want nothing more than to help you save your business. Speak to our business debt relief specialists today.

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Call us today for a risk free consultation.

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