Personal Guarantees & Loan Covenants: How to Not Get Burned, Ep #17
Most of us would never machine a part without checking the tolerances first — so why do so many shop owners sign off on financing agreements without understanding the performance "tolerances" our banks are quietly measuring us against?
In this episode of Buy the Numbers, commercial banker Danny O'Keefe returns to break down two terms that sound like dry legal jargon but carry real operational consequences: loan covenants and personal guarantees. If your shop relies on bank financing to grow, these aren't just details — they're the guardrails shaping what we can do, and what could get us in…
The skinny
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