What Happens if You Fail to Repay a Business Loan?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Happens if You Miss One Payment?
What Happens if You Miss Several Payments?
What Are Some Options if You Can’t Pay Back a Loan?
What Is Business Loan Default?
What Happens if You Default on a Business Loan?
Tips for Recovering From Business Loan Defaults
The Takeaway
Frequently Asked Questions
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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