Bank Guarantees, Personal Bank Guarantee, Personal guarantees and Personal Guarantees for SFLGS are taken by Banks and lenders in a number of different circumstances, usually to provide additional security for borrowing.
Proprietors, partners and directors of limited companies provide personal bank guarantees for their company’s borrowings so that the bank has additional banking security to that already in place.
Problems arise when closing a limited company that has finance secured by personal guarantee.
We can help you negotiate personal guarantees for the best commercial result for all parties.
We can also provide access to specialist legal advice at an extra cost if required.