I don't know what it's like in the USA, but Australian banks simply don't lend to small businesses without taking security over (usually) real estate. This inev

I don't know what it's like in the USA, but Australian banks simply don't lend to small businesses without taking security over (usually) real estate. This inevitably means a senior mortgage over the principal's primary residence. That being said, Australian banks are notoriously tight-fisted for any non-property investment, so perhaps things are more amenable in the USA.