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BusinessTrade, post: 267597, member: 113709 wrote:
If I were in your shoes, I’d ask – what if this idea fails and I am left with all this debt?

That was considered in the very opening question, to quote ”Also when applying for a business loan if something goes wrong and the business closes will the bank take all of the assets and not penilise me personally? ”

In other words, let me come up with a half baked scheme and when it fails let someone else take the hit. Sadly ethics have gone out of business, obviously taught at school