Glossary

Personal guaranty

A personal guaranty is a commitment by a business owner to be personally responsible for a business financing obligation if the business itself cannot meet it. It links the owner’s personal standing to the business arrangement, which is why lenders often ask for one. Whether a personal guaranty is requested varies by lender and by product type. YesLane carries no per-lender terms; specifics like this are always confirmed directly with the lender an owner chooses.