Who requires only 1 personal guaranty for a business
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1

    Who requires only 1 personal guaranty for a business

    I'm looking to find lenders who require a personal guaranty from only 1 business owner, even if others have a 20%+ stake in company. Do OnDeck and CAN Capital require PGs from all owners or just one?

  2. #2
    Senior Member Reputation points: 16735
    Join Date
    Jul 2013
    Posts
    350

    Quote Originally Posted by LoanGuy View Post
    I'm looking to find lenders who require a personal guaranty from only 1 business owner, even if others have a 20%+ stake in company. Do OnDeck and CAN Capital require PGs from all owners or just one?
    OnDeck requires 50%. The approval can differ from having both owners and you may required to submit a tax return or CPA letter at closing to verify ownership.

  3. #3
    Senior Member Reputation points: 820
    Join Date
    Jan 2013
    Location
    Berlin, CT
    Posts
    191

    We only require 1 owner to sign on MCA's & Loans

  4. #4
    If a 51%+ partner is signing the PG, we'll fund the deal-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  5. #5
    If it is a medical deal ProMED Healthcare Financing will only require one or none depending on the product. Give James Graydon a call at 631-468-6325.

  6. #6
    Loan guy- can capital only requires 1 owner to pg loans or mcas. Doesn't have to be 50 perc either

Similar Threads

  1. Funding for business out of personal bank account?
    By bwadvance in forum Merchant Cash Advance
    Replies: 22
    Last Post: 12-18-2014, 11:20 AM
  2. Personal Loans
    By edobesh in forum Merchant Cash Advance
    Replies: 4
    Last Post: 10-07-2014, 10:09 AM
  3. Merchants conducting business via personal accounts
    By bostriba in forum Merchant Cash Advance
    Replies: 3
    Last Post: 08-11-2014, 12:39 PM
  4. Replies: 2
    Last Post: 07-21-2014, 08:24 AM
  5. personal + business account factoring?
    By AMERICApital1 in forum Deal Bin
    Replies: 2
    Last Post: 06-12-2014, 03:08 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY