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Commercial Loan to a Sole Proprietorship

Answered by: 

Question: 
When making a commercial loan to a sole proprietorship entity, is a personal guarantee required or hold any value if the note was already signed by the individual already?
Answer: 

Since such a loan is made to the individual rather than to the business, a personal guarantee by the individual would be redundant.

First published on BankersOnline.com 2/16/09

First published on 02/16/2009

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Filed under lending as: 

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