Business loans you can get without a personal guarantee may include term loans, lines of credit, equipment loans, merchant cash advances (MCAs) and invoice financing.

When you sign a personal guarantee for a business loan, you’ll be personally responsible for paying back the debt if your business fails to repay. This means putting your personal assets at risk ...

A personal guarantee is a legal promise. By signing a contract with this provision, you agree that you will be personally responsible for the business’s debts if the loan goes into default.

A personal guarantee on a business loan is an agreement that a business owner will use their own assets to repay the loan if their business cannot.

Whether you should choose a business or personal loan depends mainly on your situation and needs. If you are starting up a new business, a personal loan may be easier to qualify for as you get ...

A no-collateral business loan doesn’t mean that you won’t be required to assume some personal financial responsibility for the debt.

Many entrepreneurs turn to personal loans for business financing because the approval process is often easier. However, there are risks you need to be aware of.

You can choose to get a business loan or a personal loan and decide to switch options, or vice versa. But keep in mind that you'll be applying for a separate loan when you decide to switch, and ...

Personal guarantees are meant to protect the lender, and may be the only way for you to qualify for a business loan.

Taking out a loan can keep your business running smoothly and allow it to scale, but there's one potential catch: Lenders may require a personal guarantee.