In the year since Carillion’s collapse, FSB have seen increasing anxiety amongst small businesses about the risks they face dealing with new or larger businesses who may go bust, leaving invoices unpaid.
Personal Guarantees are an important component of acquiring finance for your business but the risk can be significant. It’s a very scary thing, signing a Personal Guarantee for your business, and few people would be totally comfortable with the risk involved no matter how secure their business is.
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