Thoughts on Lenders asking for Personal Guarantee and Agents/ISO SSN
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  1. #1
    Senior Member Reputation points: 117586 ridextreme's Avatar
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    Quote Originally Posted by michaelh View Post
    What does everyone think about all these new lenders demanding Personal Guarantees and SSN of owners?

    I have gotten 3 ISO packages from these lenders.

    I do not do business with banks that want a personal guarantee from the Broker/ISO.

    Mike
    On clawbacks? Or deals?

  2. #2
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    Quote Originally Posted by ridextreme View Post
    On clawbacks? Or deals?
    And that's my Point the contracts do no differentiate between these issues. In theory signing a blanket guarantee for the ISO is also on the deal

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