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This. Many banks as a condition of giving out a loan require a house as collateral. A house that's underwater also tacks a debt to your personal name for instan
by NoZZz 3y ago
This. Many banks as a condition of giving out a loan require a house as collateral. A house that's underwater also tacks a debt to your personal name for instance.
- jjeaff 3y agoVery few tech startups are working with bank loans. Banks in the US will almost never loan to a new business without a personal guarantee and collateral.