Your Assets On The Line: Understand Personal Guarantees Before Signing For That Business Loan

You want a loan for your small business, but the lender says you need to sign a limited personal guarantee. Or was it an unlimited personal guarantee? What is a personal guarantee anyway?

When it comes to accepting business financing, there’s more to it than just a handshake. You should familiarize yourself with common practices, like personal guarantees, before agreeing to them when negotiating with a lender. Otherwise, you may end up with a case of buyer’s remorse, as Aura demonstrates when her banker jumps at an opportunity...

Also, if you wait until the very end, Aura whistles a certain tune. Do you know what movie it’s from? Tell us in the comments.


RESOURCES & LINKS MENTIONED IN THIS VIDEO:

1. Check out our indepth article on Personal Guarantee: https://www.merchantmaverick.com/sign...

2. For any other questions, you might have, visit our website: https://www.merchantmaverick.com

4. Script adapted from https://www.merchantmaverick.com/sign...

5. Thank you to:
Video editing: Sergey Tyurin
Music: Royalty free music from https://www.fesliyanstudios.com
Whistling tune, music credit: "Singin' in the Rain" by Arthur Freed and Nacio Herb Brown, published in 1929. Courtesy of MetroGoldwynMayer

6. QUESTION: At the very end, Aura whistles a certain tune. Do you know what movie it’s from? Tell us in the comments.

7. Check out our Blog: https://www.merchantmaverick.com/blog/

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