Newsflash: Company with multuple partners purchasing real estate deal

Our company (a c-corp) wants to buy an office building. I own <20% of the c corp. We were able to qualify for a SBA loan but me and one other partner have to personaly sign as we are majority share holders. There are 7 people who own stock in the c-corp but in small amounts.By personally guaranteeing the loan, is there a way to set up the deal so I am not at risk for 100% of the loan? For example, if my partner declares bankruptcy, I believe I'm on the hook for the loan, right? Also, even though I only own 20% of the company, the entire liability of the office building shows up on my credit, correct?Is there a way to proportionally divide the risk based on ownership? Any input would be greatly appreciated. Thanks!



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