Explanation
Most small business loans and business credit cards require a personal guarantee, especially when the business is under 2 years old or has limited business credit.
Strong business credit and longer operating history can sometimes unlock financing with limited or no personal guarantee.
Examples
- •Common on SBA loans, lines of credit, and most business credit cards
- •Limited PG = capped exposure (e.g. 20% of loan)
- •Full PG = unlimited personal liability
Find out where you actually stand
Funding readiness scoring, before you apply anywhere.
We review bankability, banking history, business credit file and documentation against what underwriters look for, so an application goes out when it can survive review.