74% of SMEs would sign a Personal Guarantee if their personal risk was cut
- Purbeck Insurance Services, the UK’s only insurance provider to offer Personal Guarantee insurance, has revealed that nearly three quarters of SMEs (74%) would be more likely to take out a loan with a Personal Guarantee if they could insure against the risk of providing it. The most common reasons businesses want to take out a loan are to improve cashflow (28% of respondents) and acquire new equipment (27%).