Commercial loans and financing are some of the most common ways for business owners to access funding for growth and enhanced cash flow.
When am I liable for a personal guarantee?
You become liable under a personal guarantee when your business defaults on or becomes unable to repay a business loan.
Are personal guarantees unlimited?
Taking out a business loan can help business owners to unlock new growth opportunities, so it is unsurprisingly a popular option for entrepreneurs seeking commercial funding.
Loan providers – How to protect your investment
As a loan provider or lender, we understand that you want to protect your investment from irresponsible borrowing or unforeseen repayment issues.
I’ve defaulted on a business loan payment – What assets are at risk?
It’s nothing something that many business owners want to think about, but consider the following scenario: