What Businesses Typically Need a Personal Guarantee in Order to Receive

question 40

Multiple Choice

What businesses typically need a personal guarantee in order to receive a loan?

• A) large businesses
• B) small businesses
• C) almost all businesses
• D) businesses do not need personal guarantees

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Definitions:

Expected Revenue

The amount of money a business anticipates receiving over a certain period, based on sales forecasts and pricing strategies.

Capacity Reserved

The portion of production capability or service capacity deliberately kept back or saved for a specific purpose or customer.

Spoilage

The deterioration or loss of goods, especially in perishable inventory, due to factors like time, temperature, or mishandling.

Young Couples

Pairs of individuals in a romantic relationship who are typically in the early stage of their partnership, often focusing on life planning and setting foundations for their future.