Miller, Stark, Klein & Associates Educates Businesses on How to Deal with Debt
Most businesses would agree that one of the biggest challenges of owning, operating, and running a business is dealing with debt and getting customers to pay. Past-due or default accounts can push businesses deep into debt, compromising the survival of the business. In fact, according to the U.S. Small Business Administration (SBA), approximately 50 percent of small businesses fail within their first five years due to insufficient capital and an overwhelming amount of debt.
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