The nature of entrepreneurship has to try different things to succeed. But unforeseen circumstances, the wrong judgment call, or extenuating factors like a bad partner or external fraud, even loadshedding could get you into financial trouble with a loan you can't repay, or a loss you can't carry.
If you've landed up with a bad credit record, is this a life sentence? Could you bounce back to qualify for business financing again one day? And how would you go about rebuilding your financial name so lenders will trust you again?
GUEST: Gary Palmer, CEO of Paragon Lending Solutions