Thoughts on Lenders asking for Personal Guarantee and Agents/ISO SSN
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  1. #11
    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.

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