I do, I do, I do...believe in my business

by Elizabeth Sherman 5. July 2012
There have been many articles written on the topic of the “Personal Guarantee” as it relates to commercial loans.  Traditionally, when a business owner comes to a bank requesting a commercial loan, one of the requirements is the owner’s Personal Guarantee.  In a nutshell, the bank wants the owner’s promise that if the business fails to generate enough income to repay the loan, the owner(s) will step up and make sure the obligation is satisfied.  T... [More]


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