To start with well take a look at operations finace which we can use as an catch all heading which includes business equipment leasing, overdraft facilities, business loans and any other credit that you would use to grow your company. There is no credit check as the agreed payback is in putted into your card machine. What? And it can be the basis for denying you additional credit when that credit is crucial to your company’s survival. If your business fails you could wipe out not only your own finances but those of your family as well. If you are you will reap the benefits. The people who are standing behind your loan are doing you a massive favour and deserve every courtesy to set their mind at ease about the possible risks they are considering. The borrower guarantees the loan by giving up business assets as collateral for the loan. What was the impact in that persons life? That way you’ll have separate credit histories so one spouse late payments wont compromise the others rating. S

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