Anyone successful in convincing a risk-adverse spouse to agree to a PG?

searcher profile

March 25, 2025

by a searcher from North Carolina State University in Fulton, MD, USA

I am looking for any successful financial "selling" tools or messaging that has helped searchers get their spouses comfortable with a personal guarantee required by the SBA, most conventional loans, even most large seller notes.

I would rather not buy small with large amounts of equity injection and scale over years if possible and am looking to better communicate the impact of different best/worst case financial models to apply a qualitative perspective to the risk of buying a business.

I am also fully aware of the strain a PG could put on a marriage/relationship and am not looking to convince my spouse at all costs to buy a business. I am willing to give up the dream of business ownership if I can't get her on board but I don't think I have done a good job communicating the weighted risk/reward of taking on a PG assuming a relatively sound business is being purchased.

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would be happy to have a conversation with you and potentially your spouse and go over how the personal guarantee works and the risks associated with it. However, your spouse should not be required to guarantee a loan you are seeking unless she plans to be involved in the business as an owner. Of course any guarantee you were to sign could indirectly impact her and your family. You can reach me here or directly at redacted if you want to discuss how personal guarantees work.
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