How To Fill Out A Personal Guaranty: Fill & Download for Free

In general, absolutely not.If you have a portfolio of credit cards, and good credit, then you can go from one 0% promo rate card to another, to another, to another. But, at some point, you’re going to begin paying interest. And, those credit card APRs are going to be higher, or double, what you could get from a bank.Cash-flow wise, what credit cards offer are lower repayment requirements than a bank loan (installment loans). — As you can imagine, it’s very complex.If you are very lucky, you might have a 7.9% credit card (c/c) that has a low minimum payment.You may get a bank loan for prime + 1% (which — I’ll just choose 6.5% as an example). You can look up “prime +1” — but, the numbers I’m using here are just pro forma. — It’s an example.What you’ll find is that, if you have a 6.5% installment loan, you have a term (of repayment). — It’s set at the beginning of the loan. You have to pay a certain amount, based on the amount of the initial loan and the interest rate, so that in X number of years, the loan is paid off.A credit card is a revolving line of credit, so you don’t have to pay it off so quickly. Many c/c’s have terms of 13 years or more, so you can pay very little per month, helping you cash-flow-wise, but you will end up paying multiples of the amount you took out at the end of that very-long-term.Let’s take Texas. The maximum interest rate that can be charged, by law — lest it be usury (a felony) — is 18% per annum.Many c/c’s charge more than 18%.Can you get a c/c with an APR of 0% for some period? — Sure.Is it likely your bank will charge you 17% APR on an installment loan? — No.Can you do an interest-only loan? — Sure.These are the “balloon payment at the end” loans. — You take out a loan for $20,000; you only pay the interest each month, and then, you hope, when the term of the loan is over, you can refinance the loan. Otherwise, you will owe $20,000 immediately.If you can’t, and the bank is unwilling to work with you, that makes your collateral forfeit, and it also hurts your credit score.Most of these loans, just like trade credit agreements, have a personal guaranty contract in place, which defeats everything about having a limited-liability type of business construct.Bank loan and credit card financing should be your backup. — Get trade credit with your vendors/suppliers. — These are, by nature, 0% if you pay on time.If you can do that with one trade creditor, then you can start doing it with many trade creditors.If you make concrete, then you will need a cement supplier. — If you can get that supplier to allow you to buy cement on NET 30 terms, then you can buy mostly whatever you want and only have to repay the amount in 30 days. INTEREST FREE.This is how you grow a company. — If you find yourself unable to monetize your receivables within that time frame, then — and only then — hopefully, will you have to fall back on your bank promises or credit cards.A robust capital structure, for most every company, should include a revolving line of credit with a bank. — The goal is never to need to draw that down. To do so is a sign you are in trouble, and the bank knows it.If you are talking about taking out a collateralized installment loan from a bank, then you are talking about (hopefully) necessary CapEx (capital expenditures). — If you need a new work truck, your cement vendor isn’t going to pay for that upfront, and you’re not going to want to come up with the money to pay for it in just 30 days.You may not be able to get, in the beginning, bank loans or commercial credit cards or trade credit agreements without your own personal guaranty. That means — even if you are a corporation or limited liability company, you are still on the hook for the business’s inability to pay.In my experience, I just fill out the applications (for trade credit) and omit the personal guaranty page, as if I forgot to print out the last page or two.You may be approved for trade credit based on what’s on the application, and you’d be a fool to just — because it’s part of the application — fill out the part that says, if the business can’t pay, you will.If you get a call from them saying they didn’t receive the personal guaranty, just say — “Oh. That’s because my assistant is new. He is terrible at his job and I’m gonna have to fire him. I’ll get it to you as soon as I can get back to the office.”LOL — and then, don’t send it.An FDIC-insured bank is not going to let you off like that.A commercial credit card issuer might let you off with no personal guaranty, but expect the rate to be high.Only when you spend lots of time assembling a portfolio of 0% or other low promo rate cards will he credit card aspect be cheaper than the banks.The credit cards just have lower minimum payments than bank loans do. — That’s going to be true whether you have an installment loan or an interest-only loan, in most cases.

I want to add another reason to what are otherwise correct answers.There is a new convention in resumes to NOT include an address and just provide a name, phone number and email address.The problem is that without minimally having city, state and zip code information, employers have no way to find you in their system in the future since area codes no longer guaranty where the person lives when doing a search.Thus, the absence of a zip code, triggers the ATS to request that you provide this info so that when new positions open up, they have a way fo finding you in their system.I also want to point out that some systems are configured to ask for ridiculous information; one client’s ATS used to ask for the county someone lived in as though that info was ever relevant to have in a era where systems search for people wthin a particular radius of a zip code. That is an indicator of employer stupidity.

HOW DO I BECOME AN ADIDAS RETAILERDo you own a physical sporting goods store and would you like to add adidas products to your product portfolio? Then please send us an email with the following information:Your contact details (full name, email address, home address and phone number).The name and address of your store.The date when you opened your store.Some store photos. Please provide no more than 3 photos, max. 2 MB per photo.A short description of your store concept, marketing strategy and target audience.Which of our product collections you would like to carry in your store.Details of any other store branches you may own.The review process will take some time, and your patience is appreciated. We will contact you as soon as possible about the outcome of your request.Please note: this email address is only valid for requests from Belgium and Luxembourg.https://m.adidas.be/help/how-do-i-become-an-adidas-retailer.htmlHOW TO BECOME A NIKE RETAILERby Lisa MagloffNike chooses its retail partners carefully.Nike is a globally recognized brand specializing in creating sports shoes, clothing and accessories. In addition to its own stores, Nike also licenses retailers to carry its products. Nike is a very popular brand and if you are a sports clothing or shoe retailer, carrying Nike products may help you boost sales. Anyone wanting to carry Nike products must submit an application packet to the company. Nike reviews all application packets, but does not give any time-line on how long it will take to give a response.1.Apply for a Nike retailers license after you have an established business or a solid business plan and funding.2.Download an application packet from the Nike website. The packet contains a number of forms you will will need to complete and a checklist of all forms required.3.Fill out the retailer business profile. This includes information about the type of business you own, your major suppliers, your annual revenue and your business experience.4.Complete the Nike account application and agreement form. This form includes contact information for you, your bank and your store. It also includes a long list of Nike's terms and conditions.5.Fill out the Multi-Jurisdictional Uniform Sales and Use Tax Certificate. This includes your state and federal tax identification number. Businesses located in New York should fill out the New York State Resale Certificate instead.6.Sign the personal guaranty form. This form contains a number of terms and conditions regarding the sale of Nike products, including your promise of liability for any debts you incur to Nike.7.Submit photos of the interior and exterior of your store to Nike.8.Fax or email the completed form to Nike.Things NeededApplication packetState and federal tax information for your businessSales information for your businessCameraBusiness planHow to Become a Nike Retailer