I own my own business. I incorporated it a couple of years ago and now I'm looking for a loan to fund some further expansion. Will my husband have to sign to get the loan?
If the applicant for the loan is the corporation and only corporate-owned property is being used as collateral, then only the business will need to sign, if the lender determines the business independently qualifies for the credit. If the business isn't strong enough on its own to qualify for the loan, the lender may ask you, as the owner, to do a personal guarantee. If that isn't enough, they may say that you need additional guarantees, but they can't require the guarantor to be your husband. They can merely require it be someone who meets the lender's creditworthiness standards.
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If the applicant for the loan is the corporation and only corporate-owned property is being used as 