yes, I signed a personal guarantee.
I read and saw a couple of case a while back in newspapers and on TV. The case that I read in the Honolulu Advertiser was about a Hawaii State office that was lending money to business and had a very high default rate. Sometimes they had even lent money...
What is the name of your state? Hawaii
I received a SBA loan 3 years ago and used it for equipment and the build out costs to start a business. At the time of getting the loan, my only asset was my house with no equity. The banker asked my to sign a personal guarantee, but when we listed the...