But getting that capital can require you to make some promises in the form of a promissory note or personal guarantee. While an oral agreement is legally binding, most lenders require a signed ...

You'll also be asked by the bank to fill out a standard loan form, on which the expectation of a personal guarantee ... and examine the bank's actual guarantee agreement. If you have a legal ...

A personal guarantee is an agreement that a business owner will ... re eligible for and save time with pre-filled application forms.

While lenders often require personal guarantees for business loans, this type of loan agreement can also help business owners qualify for financing. A personal guarantee reduces the amount of risk ...

The business principal includes their own credit history and profile as part of the credit application which forms the primary basis for underwriting. When a personal guarantee is used ...

For these reasons, it is common for agreements to require that a franchisee provide a personal guarantee to the franchisor under the agreement. Practically speaking, many franchisees will — or will be ...

If you own a small business, you are probably used to separating your business and personal finances. But the two may intertwine when you take out a business credit card if the issuer requires a ...

Getting a small-business loan without the assets to back it up can be a confusing process. Here are a few answers to some of the most frequently asked questions from small business owners across ...

A personal guarantee is an agreement an owner or executive makes to pay back a debt if the business cannot. It acknowledges that you’ll personally pay for charges on the business credit card if ...