My bank wants me to sign a personal guarantee for my company's loan. What am I…
My bank wants me to sign a personal guarantee for my company's loan. What am I actually agreeing to?
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2Community Member
October 9, 2026
A personal guarantee can expose the guarantor to personal liability if the company defaults, depending on its wording and circumstances.
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Community Member
October 9, 2026
Do not treat the guarantee as a routine signature. Read the liability, enforcement, duration and release provisions carefully and obtain independent advice before signing.
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