June 17, 2014 Chances are, you've heard the word lien a few times, but do you really know what it means and the effect it can have on your business? A lien is a legal claim attached to a loan that acts as a security interest for a debt owed. The lender files a lien for the debt so that in the event the borrower cannot meet the obligations of the loan, the lender has the ability to sell the borrower's collateral, or assets, in order to recoup the loan funds. Read more... http://online.wsj.com/articles/ami-kassar-how-liens-can-affect-your-small-business-1403030352
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