Personal guarantee. The two words that every small business owner dreaded. It meant that if the second shop failed, and the business couldn't pay, the bank wouldn't just take the coffee roasters and the espresso machines. They could come after his savings. They could come after this very house.
It was just a quote until he clicked. Once he did, the underwriting would finalize, the contracts would be drawn, and the gears of the financial machine would lock him into place. loan quote
"No penalty for paying it off early," Arthur muttered to the empty room. That was a silver lining. If the holiday season went as well as last year, he could throw extra principal at the loan and kill the monster early. Personal guarantee
Three thousand and seventy-one dollars every month. For five years. They could come after his savings
With a single, resolute click, the quote became his reality.