As title suggests, are there any alterantives to raising debt that's linked to a personal guarantee? For context: * Conservative capital structure: I'm not looking to "max lever" my acquisition (i.e., fine with lower debt levels as multiple of EBITDA or LTV) * Other terms: I'm fine with paying higher rate or incurring worse terms (e.g., financial covenant) to avoid PG * Business: High quality business with ~$1-2m EBITDA, recurring revenues, etc. (i.e., not buying a B-quality business for a low price in a "max leverage" context) * Acquiror: Acquiror has perfect personal credit and is generally underwriteable (e.g., high integrity and competence) * Deal type: Self-funded search in which acquiror is funding a significant portion of the equity check (~$1.5m) Side notes: * I fully understand why lenders highly value PG's. I'm just very focused on fleshing out alternatives to PG's, as I genuinely dread the downside (but real...) scenario of a bank going after my family's personal assets. * I also understand that the vast majority of searchers use SBA debt with PG's - goal of this post is to flesh out what it would take to not do that