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Personal Guarantees and what they mean for SME Directors

Posted by Todd Davison on Aug 1, 2019 8:04:00 AM

You need to be a very confident person to put up your personal estate as collateral when taking out a loan. Some business directors will sign a Personal Guarantee even if it makes them feel uncomfortable. For others, it’s deemed too much of a risk.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Keep calm and carry on – SMEs prepare to ride the Brexit storm by shoring up their finances

Posted by Todd Davison on Jul 30, 2019 10:27:00 AM
  • SMEs endeavouring to plan for Brexit will be looking carefully at cash-flow to gauge how much pressure they can take without additional borrowing.  The main concern is that day to day running costs will rise – this might be due to material costs going up, wage bills increasing as the migrant workforce reduces and higher warehousing costs for stockpiled goods. 
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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

More than 1 in 4 SMEs plan to raise finance to stay afloat

Posted by Todd Davison on Jul 30, 2019 10:21:00 AM
  • More than 1 in 4 UK SMEs are planning to raise finance just to keep their head above water a new survey[i] has revealed. The research carried out by Purbeck Insurance Services, the UK’s only insurance provider to offer Personal Guarantee insurance found 28% plan to use finance to improve cash flow and this is currently the main reason for securing a business loan or new form of finance.
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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

As likelihood of ‘no deal’ Brexit prompts expectation of increase in demand for business loans, SMEs are urged to protect personal assets

Posted by Todd Davison on Jul 30, 2019 7:58:00 AM

As predictions have emerged of an upsurge in borrowing demand from SMEs[i] if a ‘no deal’ Brexit occurs, owners of small businesses are being urged to fully acquaint themselves with the terms of a personal guarantee backed loan, before signing on the dotted line.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Top facts SMEs need to check before signing a personal guarantee for a business loan

Posted by Todd Davison on Jul 25, 2019 10:37:50 AM
  • Purbeck Insurance Services, the UK’s only provider of Personal Guarantee Insurance offers tips on the facts to check when raising finance through a personal guarantee backed loan.
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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

The impact of Personal Guarantee Insurance in 2019

Posted by Todd Davison on Jul 25, 2019 10:23:48 AM
  • With the uncertainties of Brexit still looming over the UK’s small businesses, it appears that some firms are holding off substantial investment until the picture becomes clearer.
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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

When financing your firm gets personal

Posted by Todd Davison on Jul 25, 2019 10:10:57 AM
  • If you run a business you know about risk taking.  The personal risk the owners of SMEs take to get their business started, to keep it going or to expand may go with the territory but also to a large extent goes unnoticed and unappreciated by the staff they employ.  That’s just how it is running a business. Nevertheless it can be lonely at the top and can seem even more so when financial pressures start to tighten. 

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Holiday? What Holiday?

Posted by Todd Davison on Jul 25, 2019 8:44:47 AM
  • Holiday? What Holiday? The biggest challenge for SME business owners is simply switching off

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

As bad debt burden worsens for businesses Purbeck offers SME survival tips

Posted by Todd Davison on Jul 25, 2019 7:52:56 AM

In response to rising business insolvencies[i], and trade credit insurance payouts at their highest since 2009[ii], Purbeck Insurance Services, the UK’s only provider of personal guarantee insurance to the directors and owners of UK SMEs has prepared top tips for SME survival.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

How to finance a business: expectations vs reality

Posted by Todd Davison on Jun 26, 2019 9:00:00 AM

Every company owner needs to understand how to fund a business, from the different lending options available to the process of what’s required to secure funds.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Find out what UK directors understand about personal guarantees

  • Do 99% of UK directors really know what is being placed at risk when signing a personal guarantee?
  • Are directors comfortable signing personal guarantees?

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