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03-25-2024, 03:06 PM #2
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 674
If a merchant upfront says they do not want a personal guarantee they usually have intent to default. Most funders guarantee's are as long as the business is open and operating they need to pay the money back. Even with out one we can still try to go after the merchant for our money but if the business is shut down and has no money we cannot collect. The best we will be able to do is put a judgement on the merchant and hopefully get paid at one point in the future.
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