As a condition of raising business finance, Directors are often required to provide additional security to the lender by signing a Personal Guarantee. By signing a Personal Guarantee, the Director is placing his or her personal estate at risk; if the business fails the lender can seek recoveries from the Director personally.
In most cases, signing a Personal Guarantee can be a key component in securing business finance. Directors are, therefore, willing to provide a Personal Guarantee to secure business finance so their business is able to pursue its growth objectives.
Despite the best intentions of Directors, things can sometimes go wrong – things which are often outside of their control such as failure of customers or suppliers, regulatory changes or macroeconomic factors. In the unfortunate event the business becomes insolvent, the lender can call on the Personal Guarantee to recover some of the shortfalls due on the outstanding finance obligations that the business owes to the lender.
Personal Guarantee Insurance is an annual insurance policy that provides Directors with cover in the event the business lender calls on their Personal Guarantee following insolvency.
1. Competitive premiums and cover available across a wide range of business loans
2. Insurance available for:
a. Existing or new Personal Guarantees
b. Multiple Personal Guarantees
c. One or more guarantors
3. Unlimited access to Business Support Services; a group of specialist advisors who are at your side should your business need support
4. Full quotation in minutes using our online quote and buy system or via telephone with one of their specialist advisors
5. Insurance policy insured by Markel International, an A-rated leading insurer
We have been trading for over 18 years, you are in experienced, professional hands.
We are leaders in the commercial finance broker field within the UK.
Our expert guidance puts you and your business at the centre of what we do. With our gold standard, “hand-held, and cradle to grave” service, you’ll be looked after right through from the initial inquiry until your funds are released. We understand the struggles and priorities of running a business, why not let us deal with the paperwork and sourcing finance while you deal with your day-to-day operations?
David McGarry, Executive Director - EA First
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If you choose to accept a product the provider, at their discretion may offer you, we will receive a fixed fee of 10% of the paid net premium. This will not affect the price payable by yourself or your business
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Goodman Corporate Finance is a trading style of Goodman Corporate Consultancy Ltd. Company no 5364029.
Goodman Corporate Finance is an independent commercial finance brokerage and not a lender. We may receive payment from the finance provider should you decide to enter into an agreement with them. Goodman Corporate Consultancy Ltd is Authorised and Regulated by the Financial Conduct Authority under number 733340. Goodman Corporate Finance is registered with the ICO no. Z1828753.
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