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  2. 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 ...

  3. 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.

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

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

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  5. 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.

  6. Do Personal Guarantees Affect Credit Scores? - AOL

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

    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 paying back the money if the business ...

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

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  8. Surety - Wikipedia

    en.wikipedia.org/wiki/Surety

    In finance, a surety / ˈ ʃ ʊər ɪ t i /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee ) a certain amount if a second party (the principal ...

  9. Types of unsecured business loans - AOL

    www.aol.com/finance/types-unsecured-business...

    MCAs are also known for charging high fees in the form of factor rates that can translate into APRs of 50 percent or more. Factor rates use a multiplier like 1.10 or 1.50 to calculate the cost of ...

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