ilmscore | Prediction Details
"Landlords equipment suppliers typically require personal guarantees from their business entity owners. Very good yes the landlord is always going to ask you for a personal guarantee Once you have one laundromat your LLC will take that place but you can't really get away if you ask them if if a potential nail salon owner said I don't want to say I don't sound racist if a potential nail salon owner said I do not want to sign a personal guarantee You'd say yeah what's your background Tell me your basis for not having signed that Well I have an LLC No Not good enough If they have 20 stores Oh no no problem You think Walmart signs a personal guarantee Well Mr Wall Ain't signing"
By Investment Joy | December 11, 2020 | Pending
From video
The KING OF LAUNDRY LIVE : Danny D'Angelo 02:02:23 - 02:03:05
Interpreted Prediction
Landlords and equipment suppliers often require personal guarantees for business loans, even for established LLCs, unless the business is as large as a corporation like Walmart.

Prediction Details

Topic
Personal Guarantees in Business Loans

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