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You’ve worked tirelessly to grow your business, putting in late nights and making tough decisions. So when the chance to secure extra funding arises, you seize it – even if it means signing a personal guarantee to make it happen.

Finding out your husband has signed a personal guarantee can feel a bit like someone’s just dropped a financial time bomb in your lap. That’s a valid feeling, and you’re not alone – 78% of directors who apply for finance are asked to sign a personal guarantee.

London, September 2025 – Purbeck Insurance Services, the provider of personal guarantee insurance to small and medium business owners and directors has reported a significant rise in the number and value of personal guarantee backed loans secured by young businesses. 

There’s no escaping the fact that modern business finance is changing. 

Imagine getting a call that your family home, the place you’ve poured your savings into, raised your family and planned to retire in, is being used to cover a debt your business can’t repay.

Purbeck Personal Guarantee Insurance Monitor, Q2 2025, reveals the growing burden for Directors and Owners of UK SMEs

Your business is doing well - not only are you planning to open a second location, but you're also looking into expanding your product range and taking on a few new hires. It's the kind of progress you've worked hard for. However, to get there, you need funding. And with the loan agreement comes a personal guarantee.

• 51% of SMEs have supported employees financially during the cost of living crisis
• 64% are actively working to reduce their carbon footprint
• SMEs in West Midlands are most likely to act on decarbonisation
• Micro businesses report the strongest employee retention rates

Purbeck Insurance Services Urges Overworked SME community to acknowledge mental wellbeing this Mental Health Awareness Week 12-15^th May 2025