• Family Finances: Four Things You Should Know About Co-Signing Family Business Loans

    Many small businesses begin by getting a loan from the bank. But if an individual doesn't have very good credit, they may not be able to get the favorable loan conditions they want. One of the most popular solutions is to get a loan co-signed — but family members should be aware of what this means for them. 1. Co-Signing Makes You Jointly Responsible for a Loan Though it should go without saying, co-signing a loan also means guaranteeing the loan.
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