Sentences with phrase «guarantee for a business debt»

If you are a director of a limited company, you may have given a personal guarantee for a business debt such as a business loan.

Not exact matches

You will also need to personally guarantee your loan, which makes you responsible for satisfying the debt if your business is unable to.

If your bank has exhausted all avenues for recovering the debt but still has not recovered the full amount of the loan, they can make a claim to the Small Business Administration against the guarantee the administration put on the loan.

A personal guarantee is a promise from a business owner that they are responsible for their business's debt should the business be unable to pay the debt.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Another measure included in theSUCCESS Act is the Expanding Access to Capital for Entrepreneurial Leaders (EXCEL) Act, which would modify the Small Business Investment Company (SBIC) program to raise the amount of SBIC debt the Small Business Administration (SBA) can guarantee from $ 3 billion to $ 4 billion.

If you sign a personal guarantee for your business credit cards, as almost all require, you're liable for the company's debt should your business miss payments.

A personal guarantee also shows the lender that you are a responsible business owner committed to repaying your debts and willing to «put some skin in the game» for your own business.

When a business credit card account is opened, a personal guarantee is when an officer of the corporation designates himself and is bound by contract to be liable for all debts incurred on the new credit card.

CuraDebt was founded in 1996, which means it has been in business for more than a decade longer than National Debt Relief, but it isn't as respected at National Debt Relief and doesn't offer a guarantee, which is why it is the runner - up.

A personal guarantee is a promise from a business owner that they are responsible for their business's debt should the business be unable to pay the debt.

We Offer guaranteed loan services of any amount to citizens and non-citizens we offer easy personal loans, commercial / business loan, car loan, leasing / equipment finance, debt consolidation loan, home loan, for all citizens and non-citizens with either a good or bad credit history.

In addition, business owners who are in default on a federally guaranteed debt — or who caused the government to take a loss on a debt — are not eligible for an SBA loan.

If your bank has exhausted all avenues for recovering the debt but still has not recovered the full amount of the loan, they can make a claim to the Small Business Administration against the guarantee the administration put on the loan.

By signing this guarantee, you pledge to be personally financially responsible for your business's debts.

A personal guarantee means that you are personally responsible for the debt if your business does not pay it.

While many credit counseling agencies are non-profit, debt settlement companies are for - profit businesses that agree, with no guarantees, to negotiate with creditors to pay off your debts in a lump sum for a fraction of what you owe.

Remember, if you have personally guaranteed a business debt — many lenders require that a small business owner take on personal responsibility for loans or lines of credit — you will still be liable for those obligations, unless freed by your creditors.

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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.