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08-27-2018, 01:02 PM #1
- Join Date
- Feb 2017
- Posts
- 28
Is there A paper funders that dont require a personal guarantee?
I have a client that doesn't want to sign one if there is a personal guarantee...Now I see many Performance guarantees from the jist of it this is the same thing from what Im getting.
Thanks for info.
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08-27-2018, 01:03 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
We will ask for a validity guarantee instead of personal....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-27-2018, 01:14 PM #3
- Join Date
- Feb 2018
- Posts
- 1,349
Depends on if the contract is a purchase sale MCA or a business loan. Any companies using web bank , bank of the internet, etc and doing actual loans, require a pg. the mca, should only require a performance pg
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08-27-2018, 02:04 PM #4
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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08-27-2018, 02:37 PM #5
- Join Date
- Jun 2013
- Posts
- 19
KCG does not require a PG on our Prime deals.
Credit needs to be 625+ and deposit volume 200k+
No PG on the contract or COJ.
Call me to discuss 213-212-9753
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