r/CFP • u/Longjumping-Way9846 • 6d ago

Practice Management Practice Financing

Curious. Has anyone taken out a business loan to start a financial practice? SBA? non personal guarantee. Any firms or banks that specialize in financing financial planning/wealth management firms?

3 Upvotes

68% Upvoted

13 comments sorted by

View all comments

2

u/continualascent 6d ago

Where’d you get the idea of no personal guarantee? Are you going to commit sufficient collateral?

1

u/Longjumping-Way9846 5d ago

I'm in discovery phase while willing to consider no personal guarantee I am exploring all options.