Unsecured loans

An unsecured loan is where the Personal Guarantee and any associated charges over personal assets are the only security the lender has taken. 

Unsecured loans include:

• Credit cards

• Overdrafts

• Peer to peer loans

• Short-term working capital loans

• Other unsecured loans

  Business Support Services

The Support Desk is staffed by experienced business advisors who are available to help you in order to support any financial issues your business faces. They are committed to working with you to ensure that your business continues to be successful.

The Business Support Service may help you by introducing you to specialists in:

• Business recovery

• Cash flow management

• Credit control management

• Debt management

• Financial restructuring

• Invoice disputes

The Business Support Service is available to you and not just following a Notifiable Event.

  Notifiable Events

We are at your side and here to help.

Your business may at any time suffer from any one of a number of financial or trading difficulties. It is important that we are notified as soon as you become aware of any of theses - we can these Notifiable Events.

You need to read your policy carefully to ensure you are aware of all such situations, some examples of Notifiable Events include:

• County Court Judgments

• Inability to repay debts or creditors as they fall due

• Unexpected expenditure which cannot be met from available cash resources

When you make us aware of a Notifiable Event we will introduce you to our Business Support Services.

 Renewals

The annual renewal process is simple and straightforward, enabling you to focus on your business. By renewing your annual Personal Guarantee Insurance policy you will ensure that the cover remains in place across the duration of the financial commitments.

30 days prior to renewal, you will be provided with an email link to retrieve your application. You will be asked to confirm your original application details and apply for renewal.

Please note, renewal of your policy will be subject to your circumstances at that time and the insurance may be subject to periodic change.

  Policy Documentation

You will have the opportunity to review the Policy Summary and Key Facts Information prior to purchasing Personal Guarantee Insurance. These documents set out the significant features, exclusion and important information relating to the Policy.

Your full Policy Wording will be emailed to you once you have completed  your application.

If you wish to review the documentation before you apply, please follow the relevant links below:

• To read the Policy Summary please click here

• To read the Key Facts Information please click here

  Multiple Guarantees?

We can include multiple guarantees on your Policy if you have two or more guarantees in place.

  More than one Guarantor?

Where the Personal Guarantee has been signed by two or more Directors "jointly & severally" we can include additional Directors on your Policy.