Loaning to a LLC

[Anthony Freeman]

Do lenders look at all members of a LLC when considering personal guarantees if so what is the best entity to set up to only have one member supply a personal guarantee?

[Chris Seveney]

Quote from @Anthony Freeman:

Do lenders look at all members of a LLC when considering personal guarantees if so what is the best entity to set up to only have one member supply a personal guarantee?

As a lender, I do not look at all If one of them can suffice, the issue is typically one member of a multi member LLC does not want to be the only one on the hook.

Think of it this way, if there are 3 members each with a net worth of $2M and they borrower $600k. If the deal goes belly up then each is liable for $200k. Would yuo if you were partnered with two others take on their liability (in this case $400k)?