A Texas beverage company borrowed $2 million in 2021 and its co-owner signed a limited $500,000 personal guaranty. After a default, an appeals court upheld a $619,419.50 judgment including interest on Oct. 30
The appeals court accepted the lender’s recordkeeping evidence and rejected Pham’s disclosure objections as improperly raised at trial. A business loan can put more than just the company’s finances at risk. If a lender asks an owner to personally guaranty some of the borrowing, the consequences can haunt them long after the business runs into…
