Mary, You will be way further ahead contacting the the lender of the loan ahead of time a some times at there discretion late fees or penalties fees can be waived. Some allow 1 per year with in reason. So if you know you are going to be late notify them ahead of time. "I hope this helped you out, if so let me know by pressing the helpful button. Check out some of my other posts if you need more tips and info."
The only people that will be able to tell you is the bank/ finance company that you got the loan from read your terms and conditions that are on the contract you signed when the loan was finalized
A late payment on business loan is much better than missing a payment. Please take into account that late payments result in more interest rate in your loan over time.
Answers & Comments
Mary, You will be way further ahead contacting the the lender of the loan ahead of time a some times at there discretion late fees or penalties fees can be waived. Some allow 1 per year with in reason. So if you know you are going to be late notify them ahead of time.
"I hope this helped you out, if so let me know by pressing the helpful button. Check out some of my other posts if you need more tips and info."
The only people that will be able to tell you is the bank/ finance company that you got the loan from
read your terms and conditions that are on the contract you signed when the loan was finalized
A late payment on business loan is much better than missing a payment. Please take into account that late payments result in more interest rate in your loan over time.