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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. Can I Get a Business Credit Card With No Personal Guarantee?

   www.aol.com/news/business-credit-card-no...

   A personal guarantee is an agreement an owner or executive makes to pay back a debt if the business cannot. ... you are probably used to separating your business and personal finances. A personal ...

4. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

5. 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 ...

6. Pros and cons of unsecured business loans - AOL

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

   For example, many lenders will want anyone with 20 percent to 25 percent ownership to sign a personal guarantee and be personally liable for repaying the debt. Alternatives to unsecured business loans

7. How To Create a Personal Loan Agreement in 5 Steps - AOL

   www.aol.com/create-personal-loan-agreement-5...

   A personal loan agreement is a legally binding document that outlines the terms and conditions of a loan between two parties: the lender and the borrower. Whether you're lending money to a friend,...