I formed a corporation when I took this SBA loan. Doesn’t this shield me personally from any individual liability?

I formed a corporation when I took this SBA loan. Doesn’t this shield me personally from any individual liability?

The part you will be forgetting is you actually guarantee the mortgage. Regrettably, the bankers understand this known reality too. That’s why in virtually every situation they might need a guarantee that is personal the company owner. Using this method, you will be basically saying that I owned outside the business to repay this loan”“ I agree to use my personal resources. Read more