Working Capital Lines

by a searcher from Rhodes College

1 year ago

Hi, I was wondering if anyone knew of any banks that offered working capital lines without needing a personal guarantee in the size range of $500k to $1M. 

The company that I'm thinking of would secure the line with accounts receivable and inventory.

1 like
128 views
4 comments

searcher from University of Southern California

They will all require a personal guarantee.

3 months ago | like reply | 0 likes

lender from Eastern Illinois University

I concur with Francis. Any smaller loans are going to fall into the small business banking group at most Banks and a personal guarantee is going to be required. Now you could look to factor the A/R and when you do that there would be no personal guarantee. But factoring is going to be much more expensive than traditional bank A/R finance. If you want to discuss options in more detail you can reach me here or directly at --@----.com

1 year ago | like reply | 0 likes

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