Bookkeeping

Loan agreements can come with hidden terms and costly surprises that every business owner should understand before signing. From prepayment penalties and “late” fees to automatic withdrawals and obscure clauses, the fine print can easily lead to financial headaches—even after the loan appears paid off. Real-world stories reveal why careful contract review is essential for protecting your bottom line and avoiding unpleasant disputes. Read on to learn which loan agreement clauses to watch for, and how proactive attention to your business’s loan paperwork can help you avoid expensive mistakes.