HOW TO take the sting out of personal guarantees

You’ve got your loan offer, but have you got everything covered?

Congratulations! You’ve got your commercial loan offer and you’re ready to take your business to the next stage. But what are you willing to risk in order to do so?
To secure your finance, the lender has requested a Personal Guarantee, meaning that you are personally liable for any outstanding debt that your business is unable to repay.

If your Personal Guarantee is called in, the lender has the right to seize your family home, your car, your pension pot, your savings, along with any other personal assets that you have worked so hard for. Even marital assets are at risk.
But if you could insure your Personal Guarantee, would it make that risk easier to take?
We’ve partnered with a specialist, Purbeck Insurance Services provider to give you a solution that protects your precious personal assets whilst allowing you the confidence to grow your business through securing crucial finance. As the UKs only current provider of Personal Guarantee Insurance, they can cover up to 80% of the value of your guarantee and put your mind at ease. Their PGI Policy offers:
●               A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loans
●               Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
●               Multiple Directors covered by one Policy at no extra cost if PG is signed ‘jointly and severally’
●               Multiple guarantees covered by one Policy
Before you sign your life away, why not have an informal chat with the professionals and make sure that you’re not risking your personal assets unnecessarily. Follow the link below to access it online.

A member of their Support Team will contact you shortly after to discuss your options.

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