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Finance in Fifteen - Personal Guarantees
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Most markets come with plenty of moving parts, and business finance is no different. In this episode, David and Trevor talk through why lenders ask for Personal Guarantees (PGs), what they mean, and how they affect the people signing them.
Like any type of guarantee, the details depend on several important factors. The aim of this episode is to make the topic clearer so business owners understand their obligations before taking on any debt finance.
Some directors see PGs as a high risk, but that is not always the case. David and Trevor look at the mindset behind why lenders…
The skinny
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