How To Get A Guarantor For A New Small Business Loan

How To Get A Guarantor For A New Small Business Loan

Are you applying for a new small business loan and need to find a guarantor? A guarantor promises to repay that debt to a creditor if another person deafults on the debt or is unable to make payment. Small business owners are often asked to provide a a person that will act as a guarantor in order to qualify for a small business loan. But how do you get a guarantor? Do you ask family, friends or business associates to make personal guarantees for you? How do you approach these people and ask them to be guarantors for your new small business loan?

If you've had success in obtaining a guarantor for a small business loan, we'd like to know how you did it. Are there certain tips that you could provide other business professionals on how to approach a potential guarantor? Let us know and we will post your tips on this page, along with a link to your website or blog.

If we accept your submission, it will be posted on this page along with your name and a link to your website, if you have one.

- Submit your tips about how to get a new small business loan guarantor to: submissions@trade-pals.com
- Write "small business loan guarantor" in the subject line
- Your tip must be written in 75 words or less
- Include your full name
- Include your website URL if you want a link to your site.
- If your tip is accepted, you will be notified by email at the time that it is published