Personal guarantee
A commitment by the business owner to be personally liable if the business does not meet its obligations.
Common in advances despite the transaction being framed as a purchase of receivables rather than a loan. A guarantee broad enough that the funder carries no genuine risk of the receivables failing is one of the features cited in recharacterisation arguments.
Book 15 minutes with Alex.
We will tell you straight up if we cannot help you.
Read this before you book.
- ✗We do not offer free trials.
- ✗We do not give discounts.
- ✗We do not do commission deals.
- ✓We require an upfront investment to work with us.
If you are not able to invest into getting more leads for your brokerage, do not book a call.
— Alex