Stan's Blog You Violated a Loan Covenant. Now What?
 

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You Violated a Loan Covenant. Now What?

Saw this great article today.

And I can speak from experience in our early years that banks do usually want to work with you when you get in trouble. Just go talk to them with complete honesty and spare them any surprises.

You Violated a Loan Covenant. Now What?

Onward and upward,

Stan

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Stan Mitchell is Editor and Publisher of The Oak Ridge Observer. He started the paper in 2004 with a $20,000 loan and writes generally on his blog about business practices.

 
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