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true or false A new start-up corporation has gone to a bank for a commercial loan. Recognizing the start-up status of the business and the
true or false
A new start-up corporation has gone to a bank for a commercial loan. Recognizing the start-up status of the business and the limited assets the corporation currently possesses, the bank may require that either collateral be pledged or a personal guarantee be signed by shareholders to protect its interests, but it may not require both.
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