How to get comfortable with a personal guarantee?

by a searcher from University of California, Hastings College of Law

6 years ago

Can any seachers or lenders share their experience/thoughts on how a searcher can get comfortable with the personal guarantee on debt financing?
Despite our best efforts, sometimes deals can go bad. The personal guarantee can leave the entrepreneur with a lot of liability.
In addition, in theory, a searcher/entrepreneur could be fired out of their own company by the shareholders. That would leave the awkward situation of being liable under the guarantee but not having any operational control.

30 likes
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21 comments

searcher from Pennsylvania State University

following

2 weeks ago | like reply | 0 likes

searcher from Aston University

It's an alignment of interest . How can you want investors support if you're not willing to show strong financial commitment

1 month ago | like reply | 0 likes

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