In Shakespeare’s Hamlet (Act 1, Scene 3), Polonius offers some frequently repeated advice: “Neither a borrower nor a lender be; For loan oft loses both itself and friend…” Polonius’ logic is that hitching debt onto personal relationships can cause resentment and, in case of default, cost a...
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David M. Weinstein, CTP, is a strategic advisor to Culain Capital Funding, a specialty finance company focused on providing working capital solutions for small and midsize businesses. He has more than 35 years of workout and restructuring experience across industries, including retail and consumer goods, manufacturing, automotive, and aviation. His experience as an advisor and creditor has given him an insider’s knowledge of lender and creditor positions, capital sourcing, and workouts and restructuring, in and out of court. Weinstein is president of TMA Florida and vice president of standards for TMA’s Certification Oversight Committee.