Phrases with «personal guarantee»

A personal guarantee is a promise made by an individual to take responsibility for paying back a loan or fulfilling a financial obligation if the person or entity who borrowed the money fails to do so. Essentially, it means that the person giving the guarantee is vouching for the debt and is willing to pay it off if the borrower cannot. Full definition

personal guarantee

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Sentences with «personal guarantee»

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)
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Phrases with «personal guarantee»

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Sentences with «personal guarantee»

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