The financial transactions between borrowers and lenders in Tennessee is an essential component of our state’s economy. When businesses can secure financing, they are able to grow and expand their operations. Then, when they pay back the loans, the lenders secure the financial resources they need. In the end, financial transactions between businesses and banks benefit both parties and the state as a whole.
However, the business climate these days is not always predictable. Business owners need to be able to plan for every contingency that may arise in the course of doing business. Comprehensive business strategies need to be formed that minimize the risks the business may face, develop streams of revenue the business can use to grow its operations and, therefore, ultimately maximize profits.
These goals, however, must be carefully undertaken. Legal guidance can be of use at many stages of the business cycle. From business formation, to securing financing, to entering into contracts and executing governmental transactions, the advice of legal professionals can be very valuable.
At Spragins, Barnett & Cobb, PLC, we believe in protecting the interests of both businesses and lenders. We want our clients to have the information, assistance and advocacy they need as they pursue and grow their operations. We also understand it can be challenging to stay updated on changes in state and federal regulations. We aim to help lenders understand and comply with all applicable government regulations. Our webpage on banking and business transactions may be of use to those who need assistance on these and other legal matters.