Personal guarantee
Personal guarantee
A personal guarantee is an individual's agreement with a lender to repay the debts of a business. Loans made to start-up businesses require personal guarantees. As businesses become more established, the personal guarantee requirement will become a point of negotiation between the corporate officers and the lender.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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