This type of loan is secured by the “signature” or promise to pay by the borrower. There may or may not be restrictions on its use. Also known as a “character loan” or “good-faith loan”. 6
Tony Lettich
Tony Lettich has previous Business Analysis, Business Valuation, M&A, and Venture Capital experience and currently serves as the Managing Director of The Angel Roundtable and a Partner in Sheehan, Lettich M&A Advisory. He is also a co-founder of FundingSage, which provides valuable information, tools and resources to entrepreneurs seeking to launch and build startups.
