Topic: Personal Guaranty
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Answers to Common Questions
How can you get working capital without personal guaranty?
We are a private business lender, specializing in SBA financing, and small-medium commercial property. We have government and private money to lend on certain business transactions, some involving real estate, receivables, credit/cashflow t... Read More »
Source: http://answers.yahoo.com/question/index?qid=20071109142622AAsytIT
What laws govern the collector's actions since a personal guarant...
Debt buyers are in fact bound by the FDCPA. If they are making an attempt to collect a debt, they are bound. Period. I was just at a seminar in which this exact topic was adressed by a huge buyer of delinquent debt. No exempt business with ... Read More »
Source: http://en.allexperts.com/q/Business-Debt-3120/Laws-protect-person...
What about marital assets/income? Personal Guaranty and My Home
I assume you are saying that the defaulted debt is yours individually, and that your home is owned as tenants in the entirety. If this is the case, the home may not be seized and your wife is not liable for the debt. Read More »
Source: http://aolanswers.com/questions/personal_guaranty_home_law_149715...
More Common Questions
Answers to Other Common Questions
If I am correct, they want you to put up something valuable like your house as security for the SBA loan. This way they get something of value in case your business fails.
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Source: http://answers.yahoo.com/question/index?qid=20090311083627AAgNqEv
Wow--a scammer and a spammer. I think you're looking in the wrong place, hon.
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Source: http://answers.yahoo.com/question/index?qid=20070516220530AAAzLIS
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - creditreport.imess.net
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Source: http://answers.yahoo.com/question/index?qid=20091106074826AACuY0h
There are some very good reasons why most commercial banks require that a personal guaranty be included as part of a business loan. With most business loans featuring the corporation as the sole borrower, a personal guaranty gives the bank ...
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Source: http://ezinearticles.com/?Why-Most-Commercial-Banks-Insist-on-a-P...
If a lease is in the name of a corporation, a landlord may ask a tenant to sign a personal guaranty. This obligates the tenant to personally be responsible for the lease payments for the length of a lease if a corporation is unable to compl...
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Source: http://www.allavailableproperties.com/faqs.asp
The general rule is for sureties to require the owners of closely held firms to guarantee the bonds issued to the corporation as Principal.
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Source: http://www.allegiancesurety.com/developers/faq.html
We make fast, accurate credit decisions based on the limited information requested on our convenient credit application. We check publicly available information and have found that credit bureaus are typically very accurate and reliable and...
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Source: http://www.maxproleasing.com/FAQs.html
