Trusted Answers From Licensed Business Professionals
The good news is that it is possible to release a personal guarantee from your business credit. The bad news is that it is by no means a cakewalk. .
The answer depends on the type of debt you are talking about. If it is a mortgage, there's no need to pay off the debt as long as you believe you will be able to make your monthly mortgage payments based on your income or expected income. .
It is not uncommon for seasonal and fast growing businesses to inquire about obtaining an inventory loan from a bank. An inventory loan can be a great financing tool for well established companies with short-term inventory shortages. .