Is Using Your Home as Collateral on a Business Loan a Good Idea?
Here's why you should think twice about using equity in your personal residence as collateral for a business loan, and what your options are.
Author Profile
Sam Thacker
Biography
Sam Thacker is a partner in Austin, Texas-based Business Finance Solutions. Since 1994 he has been in the banking and finance industry as a commercial lending officer, banking consultant, and advocate for small business financing. He has originated over $400 million in loans to hundreds of businesses across many industries. Sam is a nationally respected working capital finance professional, speaker, and writer. Sam also teaches classes to trade associations and other groups. He has been praised by readers and class attendees in programs he teaches for his ability to explain complicated financial concepts in easy to understand terms. For more information about using a SBIC fund to help your business grown, email info@bfs-usa.com or give us a call at 512.990.8756.
ARTICLES BY Sam Thacker
SBIC Funds: A Hidden Source of Capital
Small Business Investment Companies (SBICs) are a great source of capital for growing companies, yet many people don't know about these very attractive sources of funding. Here's what to know.
Independent Contractor vs. Employee - A Minefield for Employers
If you are a business that uses independent contractors, be aware that you often have conflicting guidelines at the state, federal, and local levels.
Cash Flow Management—Critical for Success
For fast growing businesses, seasonal businesses, and businesses that may be cyclical, cash flow management is a critical skill business owners need to know. Here are 5 important cash flow management tips.
Selling Your Business: 5 Important Considerations
Selling your business involves more than cleaning up your offices and making sure you have a website. If you want better results, make sure you do your homework.
Management Tips From a Failed Business
Changing management practices to increase profitable sales requires changing strategy, measuring performance and being prepared to make hard decisions.
Texas Oil and Gas: Changing the U.S. and State Economy
Oil and Gas exploration in Texas is at a 25-year high, causing a large influx of capital into the state and perhaps proving to be a global economic game changer. Learn what it means for the small business community.
