Hidden Tax Liabilities: Assessing Small Business Borrower Risk Before, During, and After The Pandemic
How lenders assess the risk of small business borrowers is changing and one important factor that no one will be able to ignore is tax liabilities. Hansen Rada, CEO of Tax Guard, told deBanked that outstanding tax liabilities are not always readily apparent in the form of a lien. Tax Guard can fill in the blanks on what lenders normally wouldn’t be able to see.
I asked Rada what tax liabilities even meant for a small business, especially in today’s environment.
“Tax liability is not the disease,” Rada said. “It’s a symptom of the disease. The disease is cash flow.”
In this 17 minute Q&A, I asked Rada many questions that underwriters all over the country are probably thinking about right now. Watch it below:
Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.