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The Definitive Guide to Separating Business and Personal Finances

Fundera

If you don’t have that protection in place by dividing your business finances, you risk opening up your personal finances to seizure when that judgement goes against you. If you’re a serious entrepreneur—or even a casual one—there’s no reason to put your personal assets, credit score, and precious time at risk.

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The Bank Crisis and How it Will Affect the Future of Entrepreneurs

Due

A recession has a general definition which is a “slippage in economic activity,” but a common definition is two consecutive quarters of negative gross domestic product (GDP) growth. A recession can impact businesses in a few different ways.

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Do SBA Loans Require a Personal Guarantee?

Fundera

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.

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Do SBA Loans Require a Personal Guarantee?

Fundera

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.

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Do SBA Loans Require a Personal Guarantee?

Fundera

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.

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