Eliminate Personal Guarantees
Signing personal guarantees can get you into big trouble. Why not avoid them from the start?
Your Questions
What does it all mean?
Is it possible to avoid signing one when getting an unsecured business loan?
Real Answers
What does it all mean?
When you sign one you promise to pay the loan back personally come what may.
If you happen to go out of business within the first five years like over 90% of business owners you will still be responsible for paying that loan back even if the business goes bankrupt.
This phenomenon can be extremely devastating to business owners for few reasons.
First of all they've recently lost their precious business which they gave birth to and nurtured like a newborn baby.
At this tender time of sadness they may feel as mournful as if their best friend just moved away. They’re also clean out of cash and likely feel like a failure.
They may even have to go back to working a 9-to-5 job or maybe waiting tables. The income is only enough to keep food on the table. It’s just not enough to make monthly payments.
To add insult to injury, they're still responsible for paying the business' loan back!
All this because they promised to repay the loan personally!
How different things would be. If only they'd know from the beginning that the loan could’ve disappeared right along with the business.
The obligation to pay the loans could've been the sole responsibility of the business only and not the business owner.
But how?
Is it possible to avoid signing a personal guarantee when getting an unsecured business loan?
Yes!
A lender might give it to you if you have perfect credit and established business income stability.
But did you know that you can practically guarantee (pun intended) your chances of qualifying without all the bells and whistles?
Yep. It can be done under one condition…
You must have strong business credit!!!
When you take the steps to build business credit you can get unsecured business loans…
- without a personal guarantee
- without it being recorded on your personal credit report
- and qualify for higher and higher dollar amounts!
Is anything holding you back from getting started with the business credit building process? If so, become determined to change that and quickly.
It’s simply one of the best ways to empower yourself and your business.
Resulting in the ability to borrower money without ever putting your personal name on the dotted line.
To learn more, check out his E-Book entitled:
"Unlimited Business Financing Without a Personal Guarantee!"
Just fill out the form below and we'll send it over to you.
(630) 755-6979
Take a listen to these small business owners.
They became raving fans of Business Credit Coaching...
Why?
Because now they qualify for:
- unsecured business lines of credit
- without any personal guarantees!
Here are their stories:
- 10 Million dollar approval
To learn more about building business credit Contact Us.
To Get Your FREE E-Book...
"Unlimited Business Financing Without a Personal Guarantee!"
Just fill out the form at the bottom of this page and I'll send it over to you.