How to limit risk when personally guaranteeing a business loan
$225.00
Description
Abstract: What happens when a business requires money, but the financial institution requires a personal guarantee before it will lend any? Signing a personal guarantee isn’t a step to take lightly — it may allow the lender to go after personal assets if the business goes south. This article looks at some steps owners can take to mitigate the risk, including negotiating a guarantee that’s for some percentage of the loan amount and asking that the amount guaranteed drop as timely repayments are made.
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |