Promise made by an entrepreneur which obligates him/her to personally repay debts his/her corporation defaults on.
Related information about personal guarantee:
- What is personal guarantee? definition and meaning
Definition of personal guarantee: Agreement that make one liable for one's own or a third party's debts or obligations. A personal guarantee signifies that the ...
- 4 Tips for Negotiating a Personal Guarantee | Entrepreneur.com
Jul 31, 2012 ... It is highly likely that you'll be asked to sign a personal guarantee to get a bank loan. Before you do, make sure you are getting the best terms...
- Asterisk Financial - The Creators of Personal Guarantee Insurance
With one smart solution. - Signing a personal guarantee can be stressful. How can you chase your dreams if you can't sleep at night? Now, there's a better way.
- I want to know what to expect with a personal guarantee
A personal guarantee, also known as a commercial guarantee, is a legal contract between a lender and business owners, their families or other individuals to ...
- Be Wary of Personal Guarantees - BusinessWeek
Jun 15, 2011 ... Signing a personal guarantee gives your creditors the right to pursue ... Here's what the lenders told me: "A personal guarantee is no big deal; ...
- What You Need to Know About Making a Personal Guarantee | Inc ...
Inc.com's small business finance guide: When the bank asks you for a personal guarantee on your small business line of credit or loan, here's what you need to ...
- Personal Guarantee - Personal Guarantee for Business Loan
Why you will probably need to give a personal guarantee for a business start-up loan.
- The Personal Guarantee for Credit Approval — Business Plan Help ...
A personal guarantee (PG) is requested by lenders in order to ensure that they get paid any debt issued to a corporation or LLC. The personal guarantee is ...