Non-SBA Bank Debt Corporate Guarantee

July 25, 2022
by a searcher from University of Pennsylvania - The Wharton School in Toronto, ON, Canada
I'm working towards a term sheet and was wondering if it's typical for a bank to ask for a corporate guarantee? Note this is for a non-SBA term loan. What are the potential downsides for a newly incorporated entity?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from University of Miami in New York, NY, USA