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 long and hard about the business plan and its financial health. Make sure you're comfortable with the risks and have a solid understanding of what the obligations entail.
Absolutely! You could end up financially liable for business debts, and if the company runs into trouble, it could put your personal assets at risk—like your home or savings.
Getting out of a personal guaranty isn't easy. Typically, you'd need the lender’s agreement or for the business to strengthen its financials before they might release you.
If you're starting a new business or have limited credit history, lenders may ask for a personal guaranty as a safety net so they know they can recover funds if needed.
Trusted and secure by over 3 million people of the world’s leading companies