In addition, business owners often must sign personal guarantees for their business credit cards — meaning they still owe the debts personally if their companies fail. (creditcards.com)
Yes, you have to sign a personal guarantee in the beginning, but it's worth it because you can burn that off in just a few years. (drivescout.com)
For a borrower of commercial real estate loans signing a personal guarantee is much more complicated and it is highly important to understand what it means and how it works. (montegra.com)