We are always willing to take a look. However, the issue you might have with refinancing is how much equity did you originally put into the deal and what are the current loan terms? If you are going to a conventional loan and the deal is not fully collateralized by hard assets you might find it hard to get a conventional bank to do the deal. Also, conventional lenders are typically doing deals at much shorter terms, typically 5 to 7 years versus the 10 year SBA term. So that could impact your cash flow. I am more than happy to jump on a call to discuss through your particular situation. We have over 500 funding partners we work with, so we can dissect what options you might have quickly. Thank you.

I was on an hbs panel last week and two of the other panel members had numerous bank loans, one with, one without personal guarantees. The one without had pitched over 40 banks. So it's certainly possible. I signed a personal guarantee. My younger sister gave a good context for me at the timeredactedwell you can't be a little bit bankrupt. I'd say given where i was with lack of assets at the time, I worried about it far more than in hindsight it deserved. I also spoke to my bank after I sold the company about what they intended to do. The main reason for the personal guarantee, in their eyes, was for me to stick around and work through problems. Essentially effort could earn off the guarantee, and not necessarily in purely economic terms. Being responsive, easy to deal with and reasonable are generally in short supply when things become stressed. So the personal guarantee is maybe different that it appears. All that being said, I'd never sign one again, though I'll also never be early 30s and full of endless energy either.