Why Would I Personally Guarantee Financing if the Lease Is in My Business’ Name?

Why Would I Personally Guarantee Financing if the Lease Is in My Business’ Name?

Small business owners frequently need to offer a personal guarantee to get commercial financing. Sometimes, these guarantees can cause anxiety for owners — it’s a little uncomfortable to put your personal assets on the line to secure the financing you need. So, why do lenders ask business owners for these personal guarantees?

In this article, we’ll talk about personal guarantees, including why lenders want them and how they work.

Why Lenders Want Personal Guarantees

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