Imagine you’re launching your business – a passion project that’s been brewing in your mind for years. You have the idea, the plan, and the drive to make it happen, but when it comes to securing the financing needed to turn your vision into reality, you hit a brick wall.
Todd Davison
Recent Posts
Risks & Rewards of Signing a Personal Guarantee as a Start-Up Company
Purbeck Personal Guarantee Insurance Responds to FCA Investigation into Personal Guarantees
March 2024: As the FCA outlines its plan to address the Federation of Small Business’ super-complaint regarding the use of personal guarantees on small business loans, Todd Davison, MD of Purbeck Personal Guarantee Insurance says:
Survey reveals worrying lack of awareness surrounding personal guarantees for small business loans
30 percent of small businesses plan to secure new finance in 2024
- -76% of small businesses in profit
- -32% of those seeking new finance need it to support cashflow
- -Personal guarantee insurance can provide peace of mind for small business owners
When it comes to navigating the market and understanding complex insurance options, clients sometimes need a little helping hand to find the right solution that will meet their needs.
Demand for Personal Guarantee Backed SME Finance rose by 68% in 2023
Average Mortgage Prices are Set to Soar in 2024 - What Does This Mean for your Buy-To-Let PG?
2024 is predicted to be a challenging year for the housing market, with forecasts indicating significant increases in mortgage rates. This potential surge is the effect of The Bank of England’s decision to hike interest rates, sparking an increase in housing costs that has sent a ripple through the mortgage landscape.
Buy-to-let landlords must prepare for a personal guarantee demand as mortgage rates fall
January 2024: As buy-to-let mortgage rates fall, bringing some relief to buy-to-let landlords, those shopping for a new mortgage deal are being warned by Purbeck Personal Guarantee Insurance, to prepare for a personal guarantee demand.
Minding the Finances - 1 in 4 Small Business Owners Feels Their Mental Health Has Deteriorated From the Strain of Managing their Business Finances
January 2024: In a new survey of small businesses by Purbeck Personal Guarantee Insurance to gauge the financial and emotional resilience of owner/managers, 1 in 4 respondents (24%) said their mental health had been directly affected by the stress of managing the finances of their business in the past year. While 1 in 4 is far from positive, this is a significant improvement from 49% in the same survey last year and underlines the tenacity and resilience of small business owners, as they continue to face challenging economic headwinds.
Lenders are demanding personal guarantees on loans under £10,000
January 2024: Following the FSB’s Super-Complaint to the FCA over SME lending practices, including the use of personal guarantees on small business loans, new data from Purbeck Personal Guarantee Insurance has revealed that 7% of the low-value, personal guarantee-backed loans it has protected have been for under £10,000, while 16% have been for under £19,999.
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