What is a Confession of Judgment, and why is my Lender or Lessor asking me to sign it?
Posted in Business & Corporate
As the economy continues to restrict the availability of credit to small businesses, many borrowers are finding that lenders with which they have had long and mutually beneficial relationships have been restricting lines of credit or adding additional requisites to extend or renew existing lines of credit. Principals of newer small businesses may be shopping for credit for the first time, or are presented with a first commercial lease. Continue reading