The email comes through. You have been approved. The number is bigger than anything you have ever seen

attached to your business name.

You celebrate. And you should. Getting approved for an SBA loan is not easy. It requires documentation and

time and patience and the right relationships.

But before you sign anything I need you to read two words on that document very carefully.

Personal guarantee.

A personal guarantee means that if your business is unable to repay the loan you — personally — are

responsible for the debt. Not just your business assets. Your personal assets. Your home. Your savings. Your

personal credit score. Your financial future.

That is not a business loan. That is a personal loan with a business name on the front.

This is not criticism of every SBA loan. Some businesses genuinely need them and the terms are often

favorable compared to other options. But before you sign you should understand exactly what you are

signing and what happens if the business has a difficult season.

Here is the alternative scenario that most business owners never reach but that is absolutely achievable.

When your business credit profile is strong enough — when your EIN has a well-established history with

15 to 18 tradelines reporting positively, when your business bank account shows consistent revenue, when

your business has been operating for at least two years with clean financials — some lenders will approve

your business for funding without requiring a personal guarantee.

They are approving the business. Not you personally. The business has demonstrated enough

creditworthiness to stand on its own.

That is the threshold Expert Business Advisors LLC teaches clients to reach. Not because personal

guarantees are always avoidable — sometimes they are not. But because understanding the difference

between a loan that builds your business and a loan that follows you personally is knowledge that changes

every funding conversation you will ever have.

At Expert Business Advisors LLC we also work with access to over 1,000 lenders through the 12-month

coaching program. That network includes lenders who specialize in business credit rather than personal

credit, lenders who fund based on revenue and cash flow rather than personal guarantee, and alternative

funding options that most business owners have never been introduced to.

The goal is not just to get funded. The goal is to get funded in a way that builds your business identity —

not one that ties your personal financial life to your business risks forever.

Enroll in the eight week class to learn the complete system:

copecart.com/us/products/25b9106d/checkout

Questions? Email [email protected] or call 727-439-1953.

— Tamika R. Ngaham, LNHA | Founder and CEO | Expert Business Advisors LLC | Triple-Certified MBE WBE

SBE | [email protected] | 727-439-1953 | expertbusinessadvisors.org