reply
by a searcher
1w ago
from INSEAD
in Vernon, BC, Canada
I am 2yrs new to Canada and not having credit history makes things quite complicated with lending or leasing. I was always asked for personal guarantee so far.
reply
by a professional
6d ago
from University of New Brunswick
in Toronto, ON, Canada
It depends on the business, and whether you are seeking asset-based lending, cash-flow lending, etc. However, lenders in Canada would almost always insist on a Personal Guarantee when lending to small businesses.