Defaulting on an SBA loan is serious; you can face bank levies, wage garnishment and foreclosure. But some cases allow ...

Outcomes vary depending on the type of bankruptcy filed, whether the loan is secured and whether a personal guarantee was signed. Many, or all, of the products featured on this page are from our ...

A personal guarantee is a legal commitment to repay a business loan from your personal assets if the business defaults. The risks of a personal guarantee include losing your personal assets, such as ...

What a difference a government loan guarantee can make. The Orleans County village of Holley is getting a new grocery store, thanks to a $171,167 state grant and a $775,000 bank loan, backed by a 75 ...