SMEs don’t understand personal guarantee in business loans

SMEs are signing up to livelihood threatening loan conditions, ignorantly, a report exposes today. The research by Wirefund, an SME loan provider, reveals that the majority of SME owners have no idea what a personal guarantee is, despite it being a requirement from banks and many alternative finance providers when lending to businesses. Wirefund asked
The post SMEs don’t understand personal guarantee in business loans appeared first on Small Business.

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