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A business loan is issued to the business, not to you as an individual. Failing to repay the loan means your business goes into collections (and possible bankru
by freeone3000 8y ago
A business loan is issued to the business, not to you as an individual. Failing to repay the loan means your business goes into collections (and possible bankruptcy), not that you as an individual suffer for it.
- cm2012 8y agoNo one gives out unsecured business loans to start-ups.
- deadmetheny 8y agoPlease don't speak of things you know nothing about. No brand-new business would ever get a loan issued without a signature from some person or established entity who can be held liable if the business defaults. Source: I have owned multiple small businesses.