Personal Guarantee Lawyers - Calgary
A Personal Guarantee is an Agreement (a Contract) to which obligates the signer to answer for the debt of another party. It is a form of added security obtained by a lender from a third party. It reduces the lender’s risk associated with the loan because it gives the lenders the right to pursue a borrower’s personal assets if your business fails to repay the debt.
There is a variety of instances where you may be asked for a Personal Guarantee. Some of these may include Personal Guarantees:
a. in relation to a Small Business Loans / credit;
b. in relation to a Business Line of Credit;
c. mortgages to companies;
d. mortgages for people who do not qualify without additional security;
e. the purchase or sale of a corporation;
f. various credit agreements;
g. on a Leases agreement signed by your company or partnership;
h. in relation to the a part of a credit application for the supply of goods (inventory) or services.
Contact Personal Guarantee Lawyers
| Address : | 600 6 Ave SW #1010, Calgary, AB T2P 0S5, Canada |
| Phone : | 📞 +88 |
| Postal code : | 2 |
| Website : | http://www.personalguaranteelawyers.com/ |
| Categories : | |
| City : | P |
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