
Understanding Personal Guarantees in Business Loans
Business owners often encounter the term “personal guarantee” when seeking business loans. But what does it actually mean, and how does it differ from collateral?
Polaris Business Advisors is now Rise Alliance! Our merger with Second Wind Consultants offers clients unmatched access to the nation’s largest network of commercial lenders, attorneys, restructuring professionals and working capital providers. Read More…
Business owners often encounter the term “personal guarantee” when seeking business loans. But what does it actually mean, and how does it differ from collateral?