Originally published on LinkedIn Small to mid-sized businesses have had an incredible roller coaster ride in terms of earnings the past 6-8 weeks. COVID-19 has robbed many businesses of their livelihood and left a wave of desctruciton. While many household names such...
Personal guarantees for business loans are pretty standard regardless of where the credit cycle happens to be. Banks and lenders may contract or loosen credit policies but personal guarantees are usually not negotiable. Still many business owners are more than a...