Home Events How Your Personal Credit Affects Your Ability to Obtain Business Credit

How Your Personal Credit Affects Your Ability to Obtain Business Credit

This workshop will discuss:

  • Similarities and differences between business and personal credit
  • The personal guarantee required for many small business loans — and how you are responsible for the business’ debt
  • How personal credit can affect the likeliness, terms, and interest rates of a business loan
  • Benefits of protecting your personal and business credit

Date

Jan 14 2025

Time

12:00 pm - 1:00 pm

More Info

Register Here

Location

Webinar
Register Here

How Your Personal Credit Affects Your Ability to Obtain Business Credit

Mike Daniel is the network director of the Orange County Inland Empire SBDC Network, which assists aspiring entrepreneurs and current business owners throughout Orange, San Bernardino and Riverside counties. Mike was formerly the director of the SBDC office at Long Beach City College. As business owner and entrepreneur himself, he started his career as the owner of a Rocky Mountain Chocolate Factory location in Manhattan Beach and went on to open a second location in Long Beach in 2001. In 2007, Mike sold the Manhattan Beach store for an above-market offer then invested in several additional locations as a minority shareholder. Mike further expanded his candy empire with venture located in Shoreline Village in Long Beach called Sugar Daddies Sweet Shoppe, based on fill-it yourself candy options.

Mike has a bachelor’s degree in Business Administration from California State University, Fullerton.