if a loan under company's name, wat informations would you need?

wats the difference between one person guaranting the loan under company's name? and signing for the company at closing?

if there is one person guaranting the loan the Interest Rate will be lower.

my question is that if that person is guaranting the loan, does that mean that he is borrowing the loan instead of the company?

CAN ANYONE TELL ME THE DIFFERENCE?????????

if a loan under company's name, wat informations would you need?

It depends on many factors such as the type of entity, and the length that it has been in business. For example, I am not going to ask you for three years of financial statements if your company has been in business for two. You also want to make sure that the borrowing entity exists so articles of incorporation, FEI#, certificate of good standing are required at one point or another.

wats the difference between one person guaranting the loan under company's name? and signing for the company at closing?

As a guarantor you are liable if the company can not pay. As an officer of the company you are only liable in certain cases.

if there is one person guaranting the loan the Interest Rate will be lower.

Depending on the type of transaction, you might not get the loan at all if you do not guarantee


my question is that if that person is guaranting the loan, does that mean that he is borrowing the loan instead of the company?

Technically no. In reality, the fact that you are personally liable for the debt if the company can not pay is a very important factor. The weaker the company, the more important the guarantee is.