Business Loan vs. Personal Loan: Which Should You Choose?
CreditStrong for Business
SEPTEMBER 6, 2024
If you ever default, they’d be able to collect by seizing personal assets. If you default, the lender will seize your pledged assets. And of course, if you’re looking to finance something that isn’t business-related, like medical bills, debt consolidation, or home improvements, you won’t be able to use a business loan.
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