Hey -- great vid... Quick question though -- I was waiting for the punchline of what to do instead. Other than just not doing the deal or finding a different lender, what should we do or offer instead of a personal guarantee? Let's say the business is a great one, and that's the only sticking point. How do you negotiate if that is the sticking point... What would you do instead? Thanks!
Hey -- great vid... Quick question though -- I was waiting for the punchline of what to do instead. Other than just not doing the deal or finding a different lender, what should we do or offer instead of a personal guarantee? Let's say the business is a great one, and that's the only sticking point. How do you negotiate if that is the sticking point... What would you do instead?
Thanks!
A corporate guarantee is an alternative
So do what instead?….
Walk away?
Debenture?
Charge on P&M/shares?
It's not the answer you might be looking for, but it depends on the situation and what they are asking you to PG