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Are small business loans usually personally guaranteed?
| Bipolar 180 puppy | 07/07/26 |
| translucent roast beef | 07/07/26 |
| Bipolar 180 puppy | 07/07/26 |
| demanding fiercely-loyal stage stock car | 07/07/26 |
| Thriller up-to-no-good theatre black woman | 07/07/26 |
| Bipolar 180 puppy | 07/07/26 |
Poast new message in this thread
Date: July 7th, 2026 3:09 PM Author: Bipolar 180 puppy An acquaintance of mine recently opened a charming little bookstore in town. Between buildout and inventory she must have put several hundred K into this place. She hasn't told me about finances in any detail, but I know she got a bank loan for at least some of it. Are these loans usually personally guaranteed in full? If this place fails, which seems very likely in the next few years, does acquaintance eat the entire loss? I don't know how else this would work, but on the other hand I see a lot of small businesses with a very slim chance of survival and I can't imagine all these people are just losing hundreds of thousands of dollars left and right. (http://www.autoadmit.com/thread.php?thread_id=5880479&forum_id=2Vannesa#49984247) |
Date: July 7th, 2026 3:28 PM Author: translucent roast beef Usually yes. For SBA loans, personal guarantee is almost always required.
Real estate lease might be guaranteed too. |
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Date: July 7th, 2026 5:08 PM Author: Bipolar 180 puppy So all these stupid candle shops and magic trick shops and fancy "gift shops" I see leave a trail of economically devastated households in their wake? Seems crazy. (http://www.autoadmit.com/thread.php?thread_id=5880479&forum_id=2Vannesa#49984549) |
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Date: July 7th, 2026 5:09 PM Author: demanding fiercely-loyal stage stock car nah all those women with fake businesses have husbands who end up on the hook for the loans and then the women divorce them and get alimony payments and shack up with a different beta dork provider (http://www.autoadmit.com/thread.php?thread_id=5880479&forum_id=2Vannesa#49984553) |
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Date: July 7th, 2026 5:10 PM Author: Thriller up-to-no-good theatre black woman (http://www.autoadmit.com/thread.php?thread_id=5880479&forum_id=2Vannesa#49984559) |
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Date: July 7th, 2026 5:40 PM Author: Bipolar 180 puppy Further q, is the SBA loan guarantee a real, life-altering obligation, or is it like a forgivable covid "loan" or IBRable student "loan"? (http://www.autoadmit.com/thread.php?thread_id=5880479&forum_id=2Vannesa#49984646) |