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  2. 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 ...

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

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

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  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. 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]

  6. How to get a small business loan without collateral

    www.aol.com/finance/small-business-loan-without...

    For example, you may get a business loan from the bank where you keep your business checking account. This relationship may help if your business finances are in a gray area, and you need the ...

  7. Guarantee - Wikipedia

    en.wikipedia.org/wiki/Guarantee

    A personal guarantee, by contrast, is often used to refer to a promise made by an individual which is supported by, or assured through, the word of the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.

  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. Oral contract - Wikipedia

    en.wikipedia.org/wiki/Oral_contract

    An example of the latter is the requirement that a contract of guarantee be evidenced in writing, which is found in the Statute of Frauds. Similarly, the limitation period prescribed for an action may be shorter for an oral contract than it is for a written one. The term verbal contract is sometimes used as a synonym for oral contract.

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