• The Risks Associated With a Personal Guarantee

    4 monthes ago - By Business

    The process of applying for a loan can be tedious. It requires an abundance of paperwork and financial records to prove you are a sound investment. Most lenders, whether they're a bank, an online lender or a usurer, want to know their money will be put to good use and paid back.
    When applying for a loan, line of credit, equipment financing or business credit card, many business owners are surprised to learn that a personal guarantee is required to secure the financing. There is nothing inherently wrong with issuing a guarantee - in fact, it is a standard for most business financing - but...
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