Some lenders will require personal guarantees for each owner of the business or require that you pay out of pocket for any building inspections or environmental reports. (valuepenguin.com)
And some commercial banks, she said, once more are lending to small businesses without personal guarantees of repayment. (baltimoresun.com)
But when structured as equity, it lowers the leverage in a capital stack, reduces the interest - carry cost, and decreases the need for personal guarantees from lending institutions. (nic.org)