Tag: surety
-
Signing Surety for Your Company is a Bad Idea
In simple terms, signing surety for your business means you agree to assume personal financial responsibility for any debts it incurs. Paying your debts back is a good thing, right? God is all about not living in debt. The problem with providing surety for a business is that you put your family’s economic future in…
-
God Doesn’t Need a Bank to Help You Create Wealth
What happens if your company goes belly up and you have given the bank a personal guarantee for the loan? It’s simple. The chances are good the bank will come after your assets in order to mitigate their losses to whatever extent possible. They won’t stop at some point because you’ve been a nice guy;…