Many young and growing businesses need business loans to take their companies to the next level. However, these fledgling firms may not have the collateral traditionally usually employed to secure a standard small business loan. Or they may be unwilling to pledge those assets. In this situation, an unsecured loan may be the right choice. Although no business collateral is required, often a personal guarantee is. Here is what you need to know about this clause before signing: A personal guarantee […]