What is personal guarantee (pg)?
Personal Guarantee (PG): The owner's promise to repay if the business can't.
How it works
Nearly every non-bank facility under $5M requires a validity or full PG from majority owners. Non-recourse factoring on the credit side does not remove the fraud/validity guarantee.
Where you will run into it
Personal Guarantee (PG) comes up most often in sba & term loans conversations. See how sba & term loans works, including real cost ranges and timelines.
Related terms
Personal Guarantee (PG) questions
The owner's promise to repay if the business can't.
Nearly every non-bank facility under $5M requires a validity or full PG from majority owners. Non-recourse factoring on the credit side does not remove the fraud/validity guarantee.
Funding Requirements Checklist for US manufacturers
See exactly what underwriters actually look at for factoring, PO financing, equipment, working capital, ABL, and SBA before you fill out a single application
- What documents you need for each program
- Typical time-to-fund by program
- Common disqualifiers worth knowing up front
- How Manufactor Finance is compensated — $0 fees to you
Questions before you apply?
Send a request. Our team reviews it, and if a funding partner thinks they can help, a specialist from that partner contacts you. No pressure and no obligation.
Ready to keep production moving?
Start with a quick inquiry or a phone call. We'll tell you exactly what the right program requires. At no charge.
Apply. Fund. Deliver. No obligation.
AI-assistedCalls, texts, and chats may be answered by Mary, our AI assistant, who takes your details and passes your request to our team. Or email us instead.