SFGTV2 February 12, 2013
Whether it is a corporation or partnership, for any Small Business lending, you should expect to be guaranteeing that long personally. As a smallbusiness owner, from a lenders point of view, we want to see that you are as invested in the business as you are asking the bank to be. The idea that non recourse loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. You should assume you will guarantee the loan regardless of the structure of your business. The good news, though, for businesses like you are describing, Internet Business, ...