Ask the Business Opportunities Weblog:
How do you get business credit without personally guaranteeing it?
Business Credit?
January 4, 2006 by Dane | 2 Comments
In Financing
January 4, 2006 by Dane | 2 Comments
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Ed on January 4th, 2006 at 1:00 pm
You don’t unless you have enough bankable assets (AR &/or inventory) to cover the line. If you are not willing to personally sign for a loan why would a bank give you one? You don’t believe in your business so why should they?
Cris Zimermann on January 5th, 2006 at 11:11 am
You’re right, Ed, now try to get credit here in Brazil… it’s easier to make it rain in the desert than managing some money from a bank if you have no personal guarentee.
I mentioned this on my blog today http://brasil.business-opportunities.biz/2006/01/05/credito-investimento-inicial-e-custos/ and also a plan to cover your investment and cost. Get yourself there!
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Cris