personal guarantee

Blog tagged as personal guarantee

Why do lenders ask for collateral, security, or a personal guarantee?
The best reason to provide a personal guarantee is that you are invested in the success of your business. If something happens to the business and it can't pay its bills, a personal guarantee means that you will be responsible for those bills until they are paid.
#GICCapital
05/12/2022 08:51 - Comment(s)

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