This form is a Specific Guaranty.
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 of it this way: a Specific Guaranty is like a focused spotlight on one agreement, while a blanket guarantee shines over multiple agreements. The former is all about one specific deal!
Once it's signed, it’s hard to backtrack! You usually can't cancel it without the lender's approval, so it's crucial to read the fine print.
Sure thing! When you sign one, you're putting your own financial future on the line, just in case the borrower can't meet their obligations.
Having a Specific Guaranty can open doors for businesses. It boosts your credibility and shows that you're serious about making good on commitments.
When someone signs a Specific Guaranty, they're saying, 'I've got your back!' They promise to step in and cover any debts if the primary borrower defaults.
If you're a business owner or a tenant looking for leases or loans, you might need a Specific Guaranty to make lenders or landlords feel at ease about taking the plunge.
A Specific Guaranty is like a safety net; it ensures that certain obligations, usually related to loans or leases, are met by a third party if the primary borrower can't keep up their end of the deal.
Trusted and secure by over 3 million people of the world’s leading companies