Personal guarantee is a must for most small business loans but should be made with caution

Personal guarantee is an inherent part of obtaining small business loans but there are many ambiguities and misunderstandings that surround the topic of personal guarantees. By: Hitesh Khan/ A personal guarantee is an unsecured promise from an individual to make loan payments when a small business is not able to do so. “Unsecured” means it … Continue reading Personal guarantee is a must for most small business loans but should be made with caution