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    6 Replies Latest reply on Jun 7, 2008 2:19 PM by AlvinC

    Need advice- loans denied due to partner's poor credit histo

    cheeks Newbie
      Hi all,
      I'm starting a medical practice and my business partner has had a few credit mishaps in the past and we're now being denied credit because my partner is listed as co-guarantor on our business loan application. I'm told that the loan would be approved if I were the sole guarantor; yet, I do not want to have to carry so much liability ($400k). Any insight or advice as to how this can be remedied, or any other options that may exist?