This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Think carefully about the risk involved, your relationship with the borrower, and whether you can afford to cover the debt if things go south.
Yes, alternatives include collateral, co-signers, or other forms of security that can assure the lender without putting your personal assets on the line.
Not at all! Anyone can provide a personal guaranty, whether you’re a business owner or just an individual looking to help someone out.
Once you sign a personal guaranty, it's pretty hard to back out. It's like sticking your neck out; you’re in it for the long haul.
If the borrower defaults, the lender can come after your personal assets to recover the debt, so it’s a big responsibility.
Trusted and secure by over 3 million people of the world’s leading companies
Albuquerque New Mexico Garantía Personal - General