What Business Owners Should Know Before They Guarantee a Line of Credit
FFGN COLLECT NY
AUGUST 16, 2020
Most business owners have a line of credit with the bank but don’t realize that, as the business owner, they may be personally responsible for repaying any monies loaned. When it comes to unexpected expenses and opportunities, a line of credit provides a loan at the ready. If you don’t borrow, there’s nothing to repay.
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