Tag: Personal Guarantees

Guide to Personal Guarantees

Given the seriousness of a decision to give a personal guarantee for finance and other business related agreements such as trade supplies and so on… it is surprising that a recent survey found that more than half of business owners don’t know what a personal guarantee means.   Worse still there will inevitably be cases where…




The Pros And Cons Of Personal Guarantees

A personal guarantee (PG) is used by company directors to help them raise money for a business loan when a lender requires it. If a business is sound and has a good future offering the personal guarantee may not seem like much of a risk and far more of a gamble than not taking out…