This Limited Guarantee form provides a lender with a means to ensure that loan or credit facilities extended to a business customer are repaid by a principal of the business.
- This form can be used throughout the United Kingdom.
- The guarantor would be a director, member, officer or other person with a material interest in the borrower company.
- The guarantee is limited in that the guarantor only guarantees repayment of the borrower's debt up to a specified maximum amount.
- The guarantor's liability will continue in force until the guarantee is terminated.
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Last Updated: 14-April-2016