Owners of creditworthy companies with excellent records for timely repayment of interest and principal do not have to provide personal guarantees.

Name: Owners of creditworthy companies with excellent records for timely repayment of interest and principal do not have to provide personal guarantees.
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

Even owners of creditworthy companies with excellent records may be required to provide personal guarantees, especially for new or significant loans, as lenders seek additional security.

Owners of Creditworthy Companies with Excellent Records for Timely Repayment