104, RE: Protecting my equity|
Posted by Pepper, Wed Dec-20-06 08:23 AM
Maybe I didn't phrase my question correctly.
My thoughts are, that I don't want to jepordize all of my cash. Here an example, using fake numbers, but in similar proportions:
I want to borrow $150,000 to start my own biz. I am willing to invest my 20% of this sum ($30,000) but I don't want the bank/lending instition to get their hands on my remaining $70,000, which I have stored in cash/stocks. I understand that I will have to give them a personal guarantee, but can I cap this sum? Can I say, "ok, if I go bust, you guys get $20,000 of my securities" or am I "all in"??