Going to a bank, getting a personally guaranteed loan is a traditional method of financing. Small business owners often think that they are getting a business loan (because it is in the business name) but fail to understand that once a personal signature is on the dotted line – the loan is now personal. No matter how you look at it, once a small business owner signed his/her John Hancock the loan is personally guaranteed. There are several different loans out there that are, for the most part, personal loans.

The following articles should help clear your understanding on conventional financing (also known as traditional financing):