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if youre applying for a business loan do not sign or agree to anything until you ask your lender if there are any rules to maintain a certain profitability ratio while youre paying off that loan Ive experienced this with clients where they took out a business loan and the lender did not tell them at all that they had to maintain certain production numbers for their business but it was buried in the fine print that they signed this is really important to know before you agree to a business loan because even if youre making your monthly payments on time you could still be considered in bdocHub of that loan contract if youre not maintaining certain profit levels and if that happens your lender could potentially go after your assets or even take over the business to make you sell it to pay off the [Music] [Music] loan