What is the name of your state (only U.S. law)? Alabama company
Hi All!
The company I have joined have a loan from an existing shareholder. In the loan agreement there is nothing to determine how any payments will be applied. We have begun initiating payments against this loan, and I'm not sure if the payments are applied against principal, interest, or a combination. There is existing accrued interest against the loan also.
Hi All!
The company I have joined have a loan from an existing shareholder. In the loan agreement there is nothing to determine how any payments will be applied. We have begun initiating payments against this loan, and I'm not sure if the payments are applied against principal, interest, or a combination. There is existing accrued interest against the loan also.