3 ms·
Business with significant capital get loads secured against that capital. Smaller or low-overhead businesses get loans personally guaranteed by the company offi
by 286c8cb04bda 14y ago
Business with significant capital get loads secured against that capital. Smaller or low-overhead businesses get loans personally guaranteed by the company officers (often against their personal assets) Or they get by with corporate credit cards (which they used to hand out like candy at the doctor's office) and work out separate payment terms with the vendor for any bigger-ticket items.
- wmeredith 14y agoThose corporate credit cards are still pretty easy for an individual to get because they don't fall under the same bankruptcy laws as personal cards.