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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Spodek
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Should I get a business loan to grow my business?

Getting a business loan can help individuals extend their business to new markets and explore other segments. In fact, the growth of a company is every entrepreneur’s dream; however, savvy businessmen also understand that a business loan is a liability until its paid off. As a result, it’s practical and prudent to ask yourself if it’s time for you to get a business loan to extend your business enterprise, otherwise you might be facing bankruptcy and needing business debt settlement help.

Here are some important guidelines that can assist entrepreneurs in answering the question:

Demand vs Supply: Most business experts suggest that an increase in demand for your product compared to the supply is the most important benchmark to consider a business loan. At this important junction in the business lifespan, not expanding your business may result in losing important customers who can’t access your product.

Experts also recommend that you keep an eye on the demand and supply mechanics to ensure that you have enough cash in hand before the demand increases supply. In such circumstances, it’s better to apply for a loan months in advance. For example, if you sell magic mushrooms, you might need a loan to grow the business.

Calculate ROI: Before getting a business loan to grow your business, it’s also wise to estimate the return-on-investment from getting such a loan. For instance, if you think that the demand will likely grow in the coming months and your supplier is giving you a hefty 30% discount on inventory, then getting a business loan may make much more sense.

Similarly, you should also estimate low and add a cushion for unexpected expenses. If your minimum ROI estimates and the extra cushion for expenses are in line with the demand, getting a business loan will certainly help.

The Numbers Game: Sometimes it’s better to just look at the realities of doing business and see if the numbers match up. Before getting a loan, compare your revenue and cash-in-hand against debt and the seasonal variations in demand. If things look bleak, you may need to readjust your operations before asking the bank or the lender for a loan.

The Lender: The type of lender for your business loan can also make or break the deal. Often businesses are automatically attracted to their banks because they may have a good working relationship with the bank manager. Don’t only rely on business relationships because you may be losing out by not looking elsewhere for loans.

Always seek loan quotes from multiple vendors because better loan terms go a long way in savings and managing the loan amount. If you think that your bank isn’t lending you the money at your predetermined terms, it’s better to look elsewhere or even delay your desire to get the loan.

Besides these guidelines, getting a loan also depends on the main reason for accessing a new pool of revenue. If your business is new and struggling, buying inventory with the loan or increasing the workforce may not be a good idea. On the other hand, the loan will definitely come handy if you are meeting your initial sales targets and you need to pay off previous debt.

Always look at the bigger picture and take a reasonable approach before getting the loan to expand your business. In fact, a business loan at the right time will definitely help you reach greater heights

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

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We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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