When Your Partner Won’t Share the Loan

Posted on August 15, 2016 in Business Partners, Money & Finance

Yet another handy Q&A from Forbes Small Business, and this one featuring my colleague, Marian Banker.  🙂  What do you do when your company has expansion plans, but one of the partners refuses to co-sign a loan for the necessary funds?

Other than a long, hard discussion with your partner about being aligned on goals, the article suggests revisiting your respective ownership stakes in the company.  After all, if you were 50-50 and you’re now taking on an additional substantial burden, that should be acknowledged.

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