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Considering finance for your business? Should you borrow? | Purbeck

Stealing probably isn't the best option but when seeking funding for your business, be sure that no one steals from you.  Get the best deal for your business by knowing what you want and what is available.

Running you own business can be intensely satisfying, rewarding and frustrating at the same time.  What I want as a director/owner is to be able to take advantage of opportunities as they arise.  Opportunities wear many masks and require different tools to unlock their potential.  I have probably been in the same position as you will have been.  I know I am likely to be in the same positions again. 

Considering finance and personal guarantee for your business Purbeck Personal Guarantee Insurance

Do lenders call in personal guarantees?

What is a Directors' Personal Guarantee?

Director’s personal guarantees are a measure of security used by lenders to protect themselves when providing business finance. When directors seek funding for their business and sign a ‘personal guarantee’, it is a legally binding waiver that bypasses the limited liability status of a limited company during debt recovery. What this means is that should the business default on the finance terms, the personal guarantee will entitle the lender to recover any amount owing from the directors’ personal estate.

Do lenders call in Personal Guarantees?

Contact Us for more information

For more information or to speak to one of our underwriters contact us today.