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Removing the stress from signing a personal guarantee

Posted by Pete Faulkner on Jul 26, 2018 12:17:00 PM
Removing the stress from signing a Personal Guarantee

What is a personal guarantee and do lenders actually call them in?

A personal guarantee is a contract between a creditor, usually a lender, and an individual, normally a director or shareholder of a company.

 

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Topics: #personalguarantee, #personalguaranteeinsurance, #commercial finance, commercial loan

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Purbeck Insurance Services is a trading name of Purbeck UK Limited which is a company registered in England and Wales under company number 10345620 and has its registered office at 20 - 22 Wenlock Road, London, N1 7GU Purbeck UK Limited is authorised and regulated by the Financial Conduct Authority. Firm permissions can be obtained from the FCA register. Purbeck UK Limited is a Managing General Agent and has binding authority to enter into and administer contracts of insurance on behalf of Markel International Insurance Company Limited.

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