Commissions do not affect our editors' opinions or evaluations. When you sign a personal guarantee for a business loan, you’ll be personally responsible for paying back the debt if your business ...

Personal guarantees are typically required for small-business loans, but you may be able to forgo them in certain circumstances. Many, or all, of the products featured on this page are from our ...

A personal guarantee is an agreement that a business owner will use their own assets to repay a business loan if their business can’t. Providing a guarantee can widen your loan options ...

Running a business can be expensive, and entrepreneurs or business owners often don't have the capital necessary to grow their businesses. That makes loans a vital part of building a company, as ...

What many people may not realize is that the Small Business Administration (SBA) also requires principals to offer personal guarantees in order to get an SBA loan. Anyone with an interest in a ...

And if you're looking for business loan, you might need a personal guarantee. Does a personal guarantee impact your credit and your own financial situation? Find out below. A personal guarantee ...

Candice Reeves is a financial writer based out of Nova Scotia. She specializes in personal finance, investing, and cryptocurrency. Her work is featured in leading publications across various ...

Taking out a loan can keep your business running smoothly and allow it to scale, but there's one potential catch: Lenders may require a personal guarantee. In most cases, you should plan to sign a ...

This means lenders are much more likely to ask loan applicants to sign a personal guarantee as a condition of approval. A personal guarantee, or PG, requires guarantors to use personal assets (such as ...