Personal Guarantees?

[Justin Silverio]

For investors with a business over 2 years old and who have a business line of credit or business loan, are you still providing a personal guarantee? I've talk to a bunch of local banks over the last couple of weeks and they all say that no matter how mature the company is, they still require a personal guarantee. Therefore, there isn't much opportunity for me to get an unsecured loc. Are others having the same issue or do I need to keep looking for a bank?

[Jon Klaus]

I think the PG is standard for LOC now.