Jen Goodwin’s Post

When securing a business loan, you may encounter the requirement for a personal guarantee. This is common practice for small businesses or those with weak credit histories. Often lenders demand personal guarantees for unsecured loans, large loan amounts relative to business size, or due to internal policy and procedures. As a business owner getting to grips with these requirements is vital to effectively navigate the loan process. In this week’s corporate and commercial blog Joanna Convey, Commercial Solicitor with Myers & Co details what personal guarantees are, the risks associated to them, and what provisions may be included in one. Read the blog in full here: https://ow.ly/2G5050SwQ3z For assistance with personal guarantee's and business loans: https://ow.ly/qJPI50SwQ3C #CommercialLaw #PersonalGauarantee #MyersSolicitors #StokeOnTrent

Has anyone ever asked you for a business loan? If you decide to go ahead, agreeing the terms up front (such as interest rate, repayment schedule, whether any security will be provided, any guarantor for the loan) will protect your investment and help prevent any uncomfortable future conversations. Our business loan document is our latest new product - in response to customer demand! If there's a business legal document you'd like us to add to our suite, let us know! #newproduct #loanagreement #businessloan

Have you been asked to give a personal guarantee to secure a business loan? Personal guarantees are a way lenders look to minimise the risk of them not being repaid by the business. However, they carry substantial risks. Read more: https://bit.ly/497ZUO9 #BusinessLoans #PersonalGuarantee #BusinessOwners

What are the 5 C's of credit for business loans? Each lender has its own method for analyzing a borrower's creditworthiness. Most lenders use the five Cs—when analyzing individual or business credit applications. ✅Character ✅ Capacity ✅Capital ✅Collateral ✅Conditions Want to know more? Call 📱 Latin Financial for more information ℹ️ before you apply for a Business Loan 💵 Www.LatinFinancial.Biz #Latinfinancialllc #LoanApplicationProcess #loanservices #moneytips

Whether you’re seeking a small business loan or business credit line, lenders will assess your application for financing based on six factors: capacity, capital, collateral, conditions, creditworthiness and character. Known as the “Six C’s” of credit, these elements combine to help lenders predict whether you can be relied on to repay your loan. Learn more: https://bit.ly/3T0QJcN #SmallBusinessLoan #BusinessCreditLine #BusinessFinancing

Did you know that your business can draw down against outstanding #invoices in hours rather than weeks like with a business loan? Read more here about the benefits of #invoice #finance for businesses. https://buff.ly/48kpjmA

Lenders will look at a number of factors to determine a business's eligibility, and understanding these criteria is important when thinking about applying for a business loan. Find out more in our article 🔗 https://lnkd.in/ewJVumqx #businessloan #samedaybusinessloans #fastbusinessfunding

Have you ever thought about getting a business loan? 💶 Oftentimes, loans are considered risky, but in reality, they can be truly effective solutions, whether you are just starting your business or want to expand. We’ve gathered the most common legal questions about business loans. Look through them to keep yourself informed ➡️! #businessloan #smallbusinessloan #swissbusiness

Whether you’re seeking a small business loan or business credit line, lenders will assess your application for financing based on six factors: capacity, capital, collateral, conditions, creditworthiness and character. Known as the “Six C’s” of credit, these elements combine to help lenders predict whether you can be relied on to repay your loan. Learn more: https://bit.ly/3T0QJcN #SmallBusinessCreditLine #BusinessFinancing #BusinessCapital

Whether you’re seeking a small business loan or business credit line, lenders will assess your application for financing based on six factors: capacity, capital, collateral, conditions, creditworthiness and character. Known as the “Six C’s” of credit, these elements combine to help lenders predict whether you can be relied on to repay your loan. Learn more: https://bit.ly/3T0QJcN #SmallBusinessLoan #SmallBusinessCredit #SmallBusinessCreditLine