Client Login
Apply now

Knowledge Centre

Personal Guarantee risk for over 420,000 small business owners

Posted by Todd Davison on Apr 16, 2020 2:26:08 PM
  • It is estimated that over 420,000 small business owners in the UK are acting as personal guarantors for business loans and could be facing the risk of losing their home due to the impact of Covid-19.  

Read More

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

Small Business Owners Take Cover

Posted by Todd Davison on Apr 16, 2020 2:20:46 PM
  • The number of small business owners applying for insurance to protect their personal assets if their business fails, has jumped 84% from the first week of February and the volume of applications over the whole month have almost doubled compared to February 2019. 

Read More

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

How to Get Out of a Personal Guarantee

Posted by Todd Davison on Apr 15, 2020 9:33:21 AM
  • It is possible to get out of a personal guarantee. Find out your options for challenging personal guarantees to avoid the threat to your personal assets.

Read More

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

A Guide to Bankruptcy and Personal Guarantees

Posted by Todd Davison on Mar 23, 2020 12:10:37 PM

Can Signing a Personal Guarantee Lead to Bankruptcy?

 

When faced with the prospect of signing a personal guarantee, it’s important that you know all the potential implications should the bank or financial lender look to enforce that guarantee against you.

Read More

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

Recession born SMEs hit terrible teens and reach out for cash

Posted by Todd Davison on Mar 9, 2020 8:30:00 AM

Size of personal guarantees rises 32%

Budget must help small businesses old and new. Purbeck Insurance Services, the provider of personal guarantee insurance has revealed a trend in the owners of small businesses established in the height of the financial crash in 2007-2008 who are now having to put their personal assets on the line to secure finance for their business.

Read More

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

International Women’s Day may fail to register with women running SMEs

Posted by Todd Davison on Mar 8, 2020 8:00:00 AM

46% never switch off from work

Read More

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

Financial honesty is the best policy for SME owners

Posted by Todd Davison on Mar 4, 2020 4:15:12 PM

8 out of 10 small business chiefs come clean when they put the home on the line

Money worries can be the biggest cause of relationship woes but recent research by Purbeck Insurance Services, the provider of Personal Guarantee Insurance has found that most small business owners do the right thing and come clean to their partner when they take the big step of putting the family home on the line for their business.  8 out of 10 small business owners[i] have informed their partner about a personal guarantee they have signed for new business finance. 

Read More

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

The impact of Personal Guarantee Insurance in 2020

Posted by Todd Davison on Feb 28, 2020 2:09:10 PM
  • Uncertainties about the economic outlook in 2019, including those related to Brexit, meant UK businesses deferred spending and investment until they had more clarity about the future trading environment. Will firms see more cause for optimism in 2020?

Read More

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

Should I Sign a Personal Guarantee?

Posted by Todd Davison on Feb 19, 2020 10:52:41 AM

What does signing a personal guarantee mean for small business owners? 

 

 

Are you one of the millions of small business owners who have secured a loan by signing a personal guarantee without realising the implications?

Read More

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

Purbeck supports the new bill to clampdown on late payment

Posted by Todd Davison on Jan 21, 2020 2:09:27 PM
  • Purbeck Insurance Services fully supports the new bill to clampdown on late payment in the construction sector which has such a negative impact on subcontractors in this market. Our own survey of the market has shown that 35% of small businesses in the construction sector find managing late payment the hardest thing about running their firm.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #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?

    Download Survey

Subscribe Here!

Recent Posts