Find Out If You Need a Personal Guarantee

When should you require a personal guarantee from your customer?

You check their application and found any of the following; all are warning signs that should make you think that a personal guarantee should be used.

• Company has been in business for less than 2 years
• Bad credit
• Been sued
• Tax liens
• Go by several names or variations
• Multiple mailing addresses or use a PO Box and no street address
• Phone they give you isn’t listed to the company

These and other warning signs mean that you need to do a background check including a commercial and personal credit check. Let Sterling United check out both the company and the owners or officers.  We can in one day or less provide a corporate and personal profile and make recommendation to you.

Sterling United will also provide personal guarantee forms for you to have your attorney review.