Small-business owners carry bigger debt loads than they did pre-pandemic
Biz Journals is reporting that Small Business owners are now carrying bigger debt loads that they did pre-pandemic.
The increased debt load combined with higher interest rates is proving to be a "toxic mix." At Shenwick & Associates, we are witnessing a significant rise in business bankruptcies, personal bankruptcy filings, and workouts.
The Biz Journal article can be found athttps://www.bizjournals.com/orlando/news/2024/03/07/small-business-debt-loans-federal-reserve-interest.html
Jim Shenwick, Esq 917 363 3391 jshenwick@gmail.com
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We held individuals & businesses with too much debt!
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