What should you do if you provided a personal guarantee and your business is struggling? One of the things you can do is to negotiate a settlement.

What should you do if you provided a personal guarantee and your business is struggling? One of the things you can do is to negotiate a settlement.
Often when a business owner signs a credit application for their business, they don’t know that they are signing a personal guarantee let alone a guarantee, which has a charging clause. However, the risks and impacts of guarantees with charging clauses can be significant.