Personal Guarantee Explained | Sole Proprietor vs Corporation

Personal Guarantee Explained | Sole Proprietor vs Corporation PART 2! Timestamps below.
How we can help:
🫣 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗦𝗘𝗥𝗩𝗜𝗖𝗘 🚨 𝗖𝗢𝗩𝗜𝗗 𝗘𝗜𝗗𝗟 𝗔𝗱𝘃𝗶𝘀𝗼𝗿 𝗗𝗶𝗿𝗲𝗰𝘁: 𝗵𝘁𝘁𝗽𝘀://𝗯𝗶𝘁.𝗹𝘆/𝗘𝗜𝗗𝗟𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝗗𝗶𝗿𝗲𝗰𝘁
(Link is CAPS SENSITIVE.)

1. Our COVID EIDL Resource Hub: https://bit.ly/SBACOVID19EIDL
2. Book a one-hour call with Trevor: https://meetings.hubspot.com/trevor/one-hour-paid-phone-consultation
3. Reduced Payment Assistance Blueprint: https://bit.ly/hapalternativeoption
4. 👚👕 Shop our Merch: https://auroraconsulting.biz/shop-merch/#!/all
5. More about us: http://eidlconsulting.com/
6. Bankruptcy Playlist: https://youtube.com/playlist?list=PLU8_xppmcm0mQY8oVR-P8NpT_eZeUUTgs&si=_SlPFnEVWu6uPjpx

00:00 Personal Guarantee, Part Two
00:52 Simplifying Personal Guarantee
01:03 Personal Guarantee for Business Entities
02:00 Personal Guarantee for Sole Proprietors
04:20 Read Your Loan Agreement
04:59 First Viewer Comment: House Ownership
05:11 Second Viewer Comment: $10,000 Loan
06:43 Collateral and Business Assets
08:27 CONSULT with an Attorney Who Knows EIDL
08:32 Confusion About Personal Liability
08:54 Legal Questions and Trusts
09:45 SBA Liens and Home Ownership
10:57 Bankruptcy and Loan Default
11:20 Transferring Business Ownership
15:34 Clarifying Personal Guarantee
16:27 Sole Proprietor vs. Corporation

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💥 ⓌⒽⓄ ⓌⒺ ⒶⓇⒺ

During the pandemic, we assisted Small Businesses to obtain $100M in pandemic funding, primarily through SBA's COVID-19 EIDL program.

We provided hundreds of hours of free advice including free consulting calls and live YouTube Q&A sessions. We did our part to support the American Small Business community.

💥 𝒪𝒰ℛ ℬ𝒜𝒞𝒦𝒢ℛ𝒪𝒰𝒩𝒟𝒮

Trevor retired from Mortgage Banking in 2018. He brought the standards he developed in his mortgage financing career along with his customer service background with the once famous "Crazy Eddie" retail chain to assist business owners and entrepreneurs manage the day-to-day doldrums when it came to securing business financing before & during COVID.

In 2017, Linda Rey exited the insurance business and with Trevor, we launched Aurora Consulting, a Commercial Financing Brokerage to help entrepreneurs expand their enterprise with unique, cost-effective business financing solutions.

When the pandemic hit, the business shut down as Lenders scrambled with the Paycheck Protection Program (PPP). As true entrepreneurs do, Linda Rey and Trevor pivoted and sought to help business owners learn the fundamentals of business financing and how to apply for the SBA’s Economic Injury Disaster Loan (EIDL).

They had enough experience with how to apply for a business loan, so their knowledge helped to enlighten business owners who were navigating the very confusing EIDL process.

Aurora Consulting developed a national reputation assisting business owners all over the country and helped to secure over $70 million (that we know of) in disaster funding for small business owners.

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Видео Personal Guarantee Explained | Sole Proprietor vs Corporation канала EIDL Experts | Linda Rey & Trevor