{"id":639,"date":"2021-06-05T16:43:16","date_gmt":"2021-06-05T16:43:16","guid":{"rendered":"https:\/\/www.forwardai.com\/blog\/?p=639"},"modified":"2023-01-03T05:52:31","modified_gmt":"2023-01-03T05:52:31","slug":"smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times","status":"publish","type":"post","link":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/","title":{"rendered":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\" style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\" alt=\"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times\" width=\"713\" height=\"475\" class=\"alignnone  wp-image-6065\" srcset=\"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg 300w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-1024x683.jpg 1024w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-768x512.jpg 768w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-1536x1024.jpg 1536w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-2048x1365.jpg 2048w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-360x240.jpg 360w, https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-272x182.jpg 272w\" sizes=\"auto, (max-width: 713px) 100vw, 713px\" \/><\/p>\r\n<p>Life is always full of surprises. You never know what is going to happen tomorrow that will change your life or business forever. If you\u2019re struggling to make payments on one or more of your small business loans due to a drop in revenues or higher than usual expenses related to coronavirus outbreak, it\u2019s best to take action immediately before procrastination kills your motivation.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">There will be inevitable consequences of COVID-19, which may mold the future of small businesses. Adopting a proactive approach is vital to take control of your money and reduce financial stress.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Sometimes the situations are complicated, and the solutions are simple. If you had to take out a loan to kick start or grow your small business and you have every intention of paying it back, but a few unexpected challenges causing you to miss a payment, don\u2019t panic. Here are some of the many smart ways you can keep your lender satisfied and cash flow pumping around your business.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Communicate With Your Lenders<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Your lenders may not like surprises. So, if you have an upcoming payment that you can\u2019t afford, it\u2019s essential to reach out and talk to your lender. They might understand the urgency of your request in this unprecedented time, whether it\u2019s changing due dates, extending terms, lowering the interest rate, or deferring payments until your business back on track.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">For example, there are many banks in the USA such as\u00a0<strong>Bank of America,<\/strong>\u00a0<strong>PNC Bank<\/strong>,\u00a0<strong>Ally Bank,<\/strong>\u00a0that are offering payment forbearance with late fee forgiveness and repayment flexibility for small businesses impacted by the current crisis.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Don\u2019t be shy with the lender and see what help they\u2019re willing to provide. It doesn\u2019t hurt to ask, and you might be astounded with their compassion.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Consider Short-Term Financing<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Getting a loan to pay off another loan may sound weird, but it becomes necessary when you need immediate cash to keep your business running until other forms of small business assistance come through.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you\u2019re finding yourself unable to pay back your loan payments, discover whether your business is capable of securing any of the following types of small business loans.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>SBA loans like\u00a0<a href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/what-is-the-new-ppp-loan-forgiveness-guidelines-mean-for-small-business-owners\/\"><strong>Paycheck Protection Program Loans<\/strong>\u00a0(PPP)<\/a> and\u00a0<a href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/economic-injury-disaster-loans-what-small-businesses-need-to-know\/\"><strong>Economic Injury Disaster Loan Assistance Program\u00a0(EIDL)<\/strong><\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.smansha.com\/blog\/2020\/04\/economic-injury-disaster-loans-what-small-businesses-need-to-know\/\" target=\"_blank\"><strong>.\u00a0<\/strong><\/a>The former can provide a forgivable amount to help you fund payroll, healthcare, rent, and mortgage while the latter helps you cover essential day-to-day expenses and debt payments<strong>.<\/strong><\/li>\r\n<li><a href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/a-complete-guide-to-business-credit-cards\/\"><strong>Business Credit Cards<\/strong><\/a> are another prominent short-term financing option that provides you with the flexibility to use the money for a variety of expenses such as equipment, supplies, inventory, and more. Plus, you can make necessary loan payments on your credit card and earn cashback and other rewards on your purchases.<\/li>\r\n<li>Use <a href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/a-complete-guide-to-business-line-of-credit\/\"><strong>Business Line of Credit<\/strong> <\/a>to finance ongoing expenses, cover working capital gaps, protect against emergencies, purchase inventory &amp; equipment and a lot more.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Increase Your Cash Flow<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Boosting your cash flow during this extraordinary time seems difficult, but it\u2019s not impossible. A faster flow of cash can reduce your borrowings seamlessly while help you grow funds for growth and expansion of your business.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">To achieve positive cash flow, it\u2019s vital to\u00a0<strong><a href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/top-4-tips-to-manage-cash-flow-for-smes-and-startups\/\" data-type=\"URL\" data-id=\"https:\/\/www.forwardai.com\/blog\/wp-admin\/post.php?post=603&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\">monitor, analyze, forecast, and\u00a0manage<\/a><\/strong>\u00a0it. Consider areas where you can grow sales and\u00a0<strong><a href=\"https:\/\/www.forwardai.com\/blog\/wp-admin\/https:\/\/www.forwardai.com\/knowledge-center\/blog\/forwardai-predict\/4-tips-to-reduce-cost-and-save-your-small-business-in-a-crisis\/post.php?post=556&amp;action=edit\">cut spending\u00a0in a crisis<\/a><\/strong>. With several financial technologies and an innovative range of digital\u00a0<strong><a href=\"https:\/\/www.forwardai.com\/forwardly\">cash flow forecasting and managing software<\/a><\/strong>\u00a0at your disposal, there are endless possibilities for boosting your cash flow.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Don\u2019t Give Up Hope<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">You\u2019re not alone, the global outbreak has affected the farthest reaches of the world. If you can\u2019t make your small business loans payment, keep trying, trust yourself, and don\u2019t give up.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Today, there\u2019s an enormous amount of financial aid available for small businesses throughout the nation. Banks, alternative lenders, and other financial institutions have been helping business owners by lowering loan requirements, renegotiating loan payments, forgiving partial or full loan amount, and more.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">There is always a way out, all you have to do is take it. Feel and pride in yourself, especially in times of difficulty, so you can survive your business against all odds.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<table class=\"table-warning\">\r\n<tbody>\r\n<tr style=\"height: 44px;\">\r\n<td style=\"width: 651px; height: 44px;\"><strong>Want to get better loans for your business?<\/strong> Forwardly helps you showcase your business potential in seconds, so you can get more cash and pay less interest. <a href=\"https:\/\/www.forwardai.com\/forwardly\"><strong>Sign up now for free.<\/strong><\/a><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n<p>Image: GraphicStock.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Life is always full of surprises. You never know what is going to happen tomorrow that will change your life or business forever. If you\u2019re struggling to make payments on one or more of your small business loans due to a drop in revenues or higher than usual expenses related [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-639","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI\" \/>\n<meta property=\"og:description\" content=\"Life is always full of surprises. You never know what is going to happen tomorrow that will change your life or business forever. If you\u2019re struggling to make payments on one or more of your small business loans due to a drop in revenues or higher than usual expenses related [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/\" \/>\n<meta property=\"og:site_name\" content=\"ForwardAI\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-05T16:43:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-03T05:52:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\" \/>\n<meta name=\"author\" content=\"ForwardAI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ForwardAI\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/\"},\"author\":{\"name\":\"ForwardAI\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#\\\/schema\\\/person\\\/9970d595580fb56aed244d3a949455d1\"},\"headline\":\"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times\",\"datePublished\":\"2021-06-05T16:43:16+00:00\",\"dateModified\":\"2023-01-03T05:52:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/\"},\"wordCount\":746,\"publisher\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/\",\"name\":\"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\",\"datePublished\":\"2021-06-05T16:43:16+00:00\",\"dateModified\":\"2023-01-03T05:52:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\",\"contentUrl\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/blog\\\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Knowledge Center\",\"item\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/category\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#website\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/\",\"name\":\"ForwardAI\",\"description\":\"ForwardAI Knowledge Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#organization\",\"name\":\"ForwardAI\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/forwardai-logo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/forwardai-logo.jpg\",\"width\":300,\"height\":53,\"caption\":\"ForwardAI\"},\"image\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#\\\/schema\\\/person\\\/9970d595580fb56aed244d3a949455d1\",\"name\":\"ForwardAI\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g\",\"caption\":\"ForwardAI\"},\"sameAs\":[\"https:\\\/\\\/www.forwardai.com\\\/\"],\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/author\\\/forwardai\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/","og_locale":"en_US","og_type":"article","og_title":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI","og_description":"Life is always full of surprises. You never know what is going to happen tomorrow that will change your life or business forever. If you\u2019re struggling to make payments on one or more of your small business loans due to a drop in revenues or higher than usual expenses related [&hellip;]","og_url":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/","og_site_name":"ForwardAI","article_published_time":"2021-06-05T16:43:16+00:00","article_modified_time":"2023-01-03T05:52:31+00:00","og_image":[{"url":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg","type":"","width":"","height":""}],"author":"ForwardAI","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ForwardAI","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#article","isPartOf":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/"},"author":{"name":"ForwardAI","@id":"https:\/\/www.forwardai.com\/knowledge-center\/#\/schema\/person\/9970d595580fb56aed244d3a949455d1"},"headline":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times","datePublished":"2021-06-05T16:43:16+00:00","dateModified":"2023-01-03T05:52:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/"},"wordCount":746,"publisher":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/#organization"},"image":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#primaryimage"},"thumbnailUrl":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/","url":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/","name":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times - ForwardAI","isPartOf":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#primaryimage"},"image":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#primaryimage"},"thumbnailUrl":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg","datePublished":"2021-06-05T16:43:16+00:00","dateModified":"2023-01-03T05:52:31+00:00","breadcrumb":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#primaryimage","url":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg","contentUrl":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2021\/06\/c-41604-1672725007737-d706235b5bd5f4f11e308f5b289d0615-1-300x200.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.forwardai.com\/knowledge-center\/blog\/smart-ways-to-avoid-defaulting-on-your-small-business-loans-in-difficult-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Knowledge Center","item":"https:\/\/www.forwardai.com\/knowledge-center\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.forwardai.com\/knowledge-center\/category\/blog\/"},{"@type":"ListItem","position":3,"name":"Smart Ways to Avoid Defaulting on Your Small Business Loans in Difficult Times"}]},{"@type":"WebSite","@id":"https:\/\/www.forwardai.com\/knowledge-center\/#website","url":"https:\/\/www.forwardai.com\/knowledge-center\/","name":"ForwardAI","description":"ForwardAI Knowledge Center","publisher":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.forwardai.com\/knowledge-center\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.forwardai.com\/knowledge-center\/#organization","name":"ForwardAI","url":"https:\/\/www.forwardai.com\/knowledge-center\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.forwardai.com\/knowledge-center\/#\/schema\/logo\/image\/","url":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2023\/10\/forwardai-logo.jpg","contentUrl":"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2023\/10\/forwardai-logo.jpg","width":300,"height":53,"caption":"ForwardAI"},"image":{"@id":"https:\/\/www.forwardai.com\/knowledge-center\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.forwardai.com\/knowledge-center\/#\/schema\/person\/9970d595580fb56aed244d3a949455d1","name":"ForwardAI","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e3684f627bf87a14c1f25de4f158a9e80e284b51153eb83811498a5839600ba6?s=96&d=blank&r=g","caption":"ForwardAI"},"sameAs":["https:\/\/www.forwardai.com\/"],"url":"https:\/\/www.forwardai.com\/knowledge-center\/author\/forwardai\/"}]}},"_links":{"self":[{"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=639"}],"version-history":[{"count":10,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/639\/revisions"}],"predecessor-version":[{"id":6066,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/639\/revisions\/6066"}],"wp:attachment":[{"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forwardai.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}