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Should Founders Personally Guaranty Bank Loans?

August 14, 2011/

"Should founders personally guaranty bank loans?" That is actually a funny question because for early startups, the founders cannot get bank loans. So, let’s assume that we are talking about a startup that is far enough along to get a loan (like for some equipment that can actually be a worthy secured asset). Perhaps the company has a bit of revenue, but certainly it is not profitable.

Zach Shulman

Full Story: http://ithacavc.wordpress.com/2011/08/10/should-founders-personally-guaranty-bank-loans/

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