If you’re considering applying for business finance, you will probably have come across the term personal guarantee. Personal guarantees are a significant factor in the business funding application process and a key consideration for major shareholders and company directors looking at their finance options. While it can sound daunting and somewhat off-putting, it helps to
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SMEs don’t understand personal guarantee in business loans
by Owen Gough • • 0 Comments
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
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