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c/business-and-financesam_murphy39sam_murphy391mo agoMost Upvoted

My uncle told me to never take a business loan with a personal guarantee, and I should have listened after my cafe in Austin almost went under.

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3 Comments
troy832
troy8321mo ago
Man, my buddy lost his house over a personal guarantee for his shop.
1
grace_bailey
grace_bailey1mo agoMost Upvoted
Guess he didn't read the fine print on that "guarantee," huh?
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ray_miller41
So true @grace_bailey. Fell for that myself once with a car repair shop.
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