It’s a common scenario: You have a thriving business, and it’s doing so well that you believe it’s time to expand. That expansion requires more money, and, of course, increases your risk of failure. But you have studied your options, talked with advisors, and everyone agrees it’s a smart and potentially lucrative move. Your bank has been there with you from the start. They know you, your integrity, and the way you run your business. So, when your bank requests a personal guarantee to borrow…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/10/19/why-banks-ask-for-a-personal-guarantee-before-a.html?ana=RSS%26s=article_search
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