Products tagged with 'guarantee of debt repayment'

If you loan money to businesses in California, have the principals of the borrower sign this Guaranty of Debt Obligation form to accompany the loan documents.

• 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 the dissolution, insolvency, bankruptcy, receivership or business failure of the debtor.
• The guarantors have no right of subrogation until the debt is paid in full.
• This form is a digital template. Buy the form, download it, use it as often you require.
• Intended to be used only in the State of California.