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2. Business loan personal guarantee: Read this before signing - AOL

   www.aol.com/finance/business-loan-personal...

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3. Should You Sign a Personal Guarantee for a Business Loan? - AOL

   www.aol.com/news/sign-personal-guarantee...

   Taking out a loan can keep your business running smoothly and allow it to scale, but there's one potential catch: Lenders may require a personal guarantee. In most cases, you should plan to sign a ...

4. Personal guarantee - Wikipedia

   en.wikipedia.org/wiki/Personal_guarantee

   A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...

5. Pros and cons of unsecured business loans - AOL

   www.aol.com/finance/pros-cons-unsecured-business...

   Personal guarantees are usually required for anyone who owns a certain percentage of the business. For example, many lenders will want anyone with 20 percent to 25 percent ownership to sign a ...

6. Letter of comfort (contract law) - Wikipedia

   en.wikipedia.org/wiki/Letter_of_comfort...

   A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract.

7. Limited liability - Wikipedia

   en.wikipedia.org/wiki/Limited_liability

   Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies (who are frequently also shareholders) are often required to give personal guarantees of the company's debts to those lending to the company. [5]

8. Do Personal Guarantees Affect Credit Scores? - AOL

   www.aol.com/finance/personal-guarantees-affect...

   What Does a Personal Guarantee Mean? A personal guarantee means you personally promise that a debt will be paid back. If you sign a personal guarantee on a business loan, you are responsible for ...

9. Loan guarantee - Wikipedia

   en.wikipedia.org/wiki/Loan_guarantee

   The loans are made by private lenders with the caveat that the government will pay off the loans if the company defaults on them. Chrysler did not go into default. Another example was the creation of the Emergency Loan Guarantee Board to administer $250 million in US government loan guarantees made to private lenders on behalf of Lockheed in 1971.