Business Law - Reviewing Personal Guarantees

If you have signed a personal guarantee, now is probably the best time to have a look over it and to work out what powers your bank has and what your liabilities are. The majority of new businesses will need help from the bank to get a start up loan. Many are in a weak bargaining position as they are yet unaware of how successful their business will be. Those starting a limited company will usually have to provide the bank with a personal guarantee before the bank will lend to them. It is

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