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Bank Demand for Payment: 3 Options for Stressed Borrowers With Matured Business Loans

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Soble Law
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Bank Demand for Payment: 3 Options for Stressed Borrowers With Matured Business Loans

Although the economy appears to be on the mend, many small business owners still struggle. Especially those with commercial loans taken between 2007 and 2009. They either received or will receive bank demands that their loans are now due in full. Commercial loans typically have 5-year maturities and most banks will not provide more than a one-year loan extension of the maturity date to pay back a loan.

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Soble Law