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Are small business loans usually personally guaranteed?
| kink-friendly bonkers station | 07/07/26 |
| khaki toaster senate | 07/07/26 |
| kink-friendly bonkers station | 07/07/26 |
| controlling a virtual character on a computer | 07/07/26 |
| Olive spectacular piazza | 07/07/26 |
| kink-friendly bonkers station | 07/07/26 |
Poast new message in this thread
Date: July 7th, 2026 3:09 PM Author: kink-friendly bonkers station An acquaintance of mine recently opened a charming little bookstore in town. Between buildout and inventory she must have put several hundred K into this place. She hasn't told me about finances in any detail, but I know she got a bank loan for at least some of it. Are these loans usually personally guaranteed in full? If this place fails, which seems very likely in the next few years, does acquaintance eat the entire loss? I don't know how else this would work, but on the other hand I see a lot of small businesses with a very slim chance of survival and I can't imagine all these people are just losing hundreds of thousands of dollars left and right. (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984247) |
Date: July 7th, 2026 3:28 PM Author: khaki toaster senate Usually yes. For SBA loans, personal guarantee is almost always required.
Real estate lease might be guaranteed too. (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984282) |
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Date: July 7th, 2026 5:08 PM Author: kink-friendly bonkers station So all these stupid candle shops and magic trick shops and fancy "gift shops" I see leave a trail of economically devastated households in their wake? Seems crazy. (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984549) |
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Date: July 7th, 2026 5:09 PM Author: controlling a virtual character on a computer nah all those women with fake businesses have husbands who end up on the hook for the loans and then the women divorce them and get alimony payments and shack up with a different beta dork provider (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984553) |
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Date: July 7th, 2026 5:10 PM Author: Olive spectacular piazza (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984559) |
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Date: July 7th, 2026 5:40 PM Author: kink-friendly bonkers station Further q, is the SBA loan guarantee a real, life-altering obligation, or is it like a forgivable covid "loan" or IBRable student "loan"? (https://xoxohth.com/thread.php?thread_id=5880479&forum_id=2#49984646) |