Personal Guarantees

Before you lend money to a business, get a written guarantee of repayment from the business owners. Buy a downloadable easy-to-use Personal Guarantee Form.

 

Most, if not all, commercial lenders will require a personal guarantee (or guaranty) from the principals of a business before they extend credit facilities to that business. Lenders look at a personal guarantee as a sign that the principals have faith in their business and in its ability to pay its debts, and that they intend to honor the company's commitments. A lender may not want to risk a bad loan if a business owner is not willing to take the risk of having to repay it if the business goes under.

A personal guarantee gives the lender the means to go after the personal assets of the guarantor if the company defaults on its obligations. That is why lenders and lessors generally require them, and as the percentage of businesses going under increases, the requirement for personal guarantees from directors and business owners will increase as well.

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Alabama Guaranty of Commercial Lease

Secure the obligations of a corporate tenant ⁄ lessee under a commercial lease in the State of Alabama with this unconditional and continuing Guaranty of Commercial Lease.
  • The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
  • A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
  • The guarantor g.....
$17.99

Alberta Guarantee and Postponement of Claim

Obtain a personal guarantee for repayment of the debts of a corporate borrower with this Guarantee and Postponement of Claim.

  • This form is for the Province of Alberta.
  • The Guarantee is given by a principal of the corporation (such as a director, shareholder, sole proprietor), to guarantee repayment of the borrower's indebtedness to a lender if the borrower defaults in paying back the debt.
  • The guarantor also agrees that any debts owed by the borrower to the .....
$17.99

Alberta Guarantee of Commercial Lease

Guarantee the performance of a corporate lessee's obligations under a lease with this Guarantee of Commercial Lease form for the Province of Alberta.

  • The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
  • The guarantee is unconditional and continuing.
  • A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign th.....
$12.49

Alberta Guarantee of Mortgage

Obtain a guarantee for repayment of a mortgage loan with this Guarantee of Mortgage package for the Province of Alberta.

  • The guarantee is an unconditional guarantee from the guarantor to repay the principal, interest and all other sums owing by the mortgagor under the mortgage.
  • The guarantor's liability will be for all purposes as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
  • The package also includes corporate .....
$17.99

Alberta Guarantees Acknowledgement Act Certificate

Prepare a Certificate of Notary Public form under the Alberta Guarantees Acknowledgement Act with this free form.

  • The Certificate must be attached to a Personal Guarantee.
  • The notary public certifies that the guarantor has examined the guarantee, understands the contents and has acknowledged executing the same.
  • This Certificate is required by Alberta law and must be attached to any personal guarantee signed in the province.
The Alberta Gua.....
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Arizona Guarantee of Commercial Lease

When leasing commercial space to a tenant, always get a guarantee of the lease from one of the owners of the business. This Guarantee of Commercial Lease form is for the State of Arizona.

  • The guarantee is absolute, unconditional and continuing.
  • The document should be signed by a director, shareholder, partner, sole proprietor or other person with a financial interest in the tenant's business.
  • The guarantor agrees to pay the rent and perform all of the tenant.....
$6.29

Australia Guarantee Deed and Indemnity

Lenders in Australia can ensure the repayment of a corporate loan by having a principal of the corporate borrower execute this Guarantee Deed and Indemnity.

  • A director, officer, or shareholder guarantees that he/she will repay the company's debt in the event that the company is unable to clear the debt on its own.
  • The guarantor also indemnifies the lender with respect to any part of the indebtedness that cannot be recovered from the guarantor.
  • This is a cont.....
$12.49

British Columbia Guarantee and Postponement

Obtain a personal guarantee to repay the debts of a corporate borrower with this Guarantee and Postponement for the Province of British Columbia.

  • The Guarantee must be given by someone with a material interest in the company (such as a director, shareholder, sole proprietor, etc) to guarantee repayment of the borrower's indebtedness to a lender, in the event that the borrower defaults.
  • The guarantor also agrees that any debts owed by the borrower to the guarantor will.....
$17.99

California Guaranty of Debt Obligation

Any loan made to a company or corporate entity should be accompanied by a personal guarantee. If you loan money to businesses in California, you should have this Guaranty of Debt Obligation form.

  • The owners of the borrower company agree to guarantee repayment of the borrower's indebtedness.
  • The Guaranty is given unconditionally. The guarantors waive the benefit of any statute of limitations affecting their liability.
  • The guarantors will repay the debt upon t.....
$12.49

Canada Directors Resolution to Guarantee Mortgage

Use this ready-made Directors' Resolution template to authorize a Canadian corporation to guarantee a mortgage.

  • The Board of Directors resolve to have the corporation guarantee the repayment of a mortgage loan taken out by an affiliate or subsidiary, and to sign the necessary legal documents.
  • This template can be used for federal corporations or for business corporations incorporated under any provincial Business Corporations Act.

Be sure your corporate.....

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