Business Credit Lines and loans?
Once you have a D&B profile and excellent ratings across the board, how do you get funding without a personal guarantee gee...thanks for all the answersguys???
Public Comments
- Assuming yours is a 'small' business, you will find it challenging to get 'non-recourse' institutional (bank) financing - and here's why: in most small and closely held businesses, the owner, for all intents and purposes, IS the business. The owner makes all the decisions, and the business is run for his/her benefit - consequently, the lender will want the individual accountable for the loan, and the decisions he is making. The rare exception you might find is when the transaction is well secured by collateral with a very well understood, tangible value.
