Thoughts on Lenders asking for Personal Guarantee and Agents/ISO SSN
Need a Funder or Vendor? START HERE

Results 1 to 24 of 24

Hybrid View

  1. #1
    Banned Reputation points: 4416
    Join Date
    Dec 2021
    Posts
    154

    As far as a funder is concerned, if an ISO isn't personally willing to back up the terms of the ISO agreement then he isn't worth doing business with.

    At the end of the day, anyone who's doing business with some common sense will solve most issues without having to resort to a contract.

    If it gets to the point where the funder needs to pull out the contract, then it means the ISO likely did something malicious. The personal guarantee is to protect from those people, not your every day, hard working, honest ISO.
    Last edited by Capitalize Group; 03-20-2023 at 05:58 PM.

  2. #2
    Member Reputation points: 179 fundfialex's Avatar
    Join Date
    Jan 2023
    Location
    NYC
    Posts
    21

    Quote Originally Posted by Capitalize Group View Post
    As far as a funder is concerned, if an ISO isn't personally willing to back up the terms of the ISO agreement than he isn't worth doing business with.

    At the end of the day, anyone who's doing business with some common sense will solve most issues without having to resort to a contract.

    If it gets to the point where the funder needs to pull out the contract, than it means the ISO likely did something malicious. The personal guarantee is to protect from those people, not your every day, hard working, honest ISO.
    Great way of putting it. No malicious intent behind having it in the agreement.
    FUNDFI
    Alex Davis
    Director of ISO relations.
    Alex@fundfimerchantfunding.com


    www.fundfimerchantfunding.com/
    https://www.linkedin.com/company/fundfi-merchant-funding/
    Office Number : (929) 277-0182

  3. #3
    Senior Member Reputation points: 8833
    Join Date
    Aug 2019
    Posts
    161

    Quote Originally Posted by Capitalize Group View Post
    As far as a funder is concerned, if an ISO isn't personally willing to back up the terms of the ISO agreement then he isn't worth doing business with.

    At the end of the day, anyone who's doing business with some common sense will solve most issues without having to resort to a contract.

    If it gets to the point where the funder needs to pull out the contract, then it means the ISO likely did something malicious. The personal guarantee is to protect from those people, not your every day, hard working, honest ISO.
    Recently had an ISO tell me he's not signing my agreement because of the Personal Guarantee. I told him bye bye

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

Similar Threads

  1. No Personal Guarantee Lenders ?
    By Cold Caller in forum Deal Bin
    Replies: 2
    Last Post: 09-30-2019, 05:37 PM
  2. No personal guarantee with only 6 months in biz
    By Christian in forum Deal Bin
    Replies: 6
    Last Post: 08-14-2016, 04:44 PM
  3. No UCC filing and no personal guarantee?
    By ddm in forum Deal Bin
    Replies: 1
    Last Post: 07-19-2016, 12:10 PM
  4. No Personal Guarantee
    By dpFund in forum Deal Bin
    Replies: 3
    Last Post: 12-09-2015, 12:47 PM
  5. Do merchants really care about personal guarantee?
    By LoanGuy in forum Business Loans
    Replies: 7
    Last Post: 01-02-2015, 05:37 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

Fintech Nexus is shutting down
Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend


DIRECTORY