Personal guarantees past their sell by date

Posted on 10 Aug 2016
Share Blog Post

 Personal guarantees passed their use-by date

A study by start-up SME loan provider Wirefund has found that 55% of small business owners do not understand the personal guarantees that they sign when taking out loans from high street banks. Despite this 79% said they are not put off by personal guarantees when taking out a loan. Wirefund"s report also found only 8% of business owners realise how inescapable personal guarantees are, leading him to conclude they “have passed their use-by date.” 
Source:   The Mail on Sunday (18/12/2016)

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661