LowDown Business tips for SMEs

This week: company directors and personal guarantees

17th August, 2014

By Cormac Fitzgerald

Directors of various companies, whether they are start-ups, long established one-man operations or larger enterprises, are often asked to sign personal guarantees (PGs) on behalf of their companies.

The report on SME access to finance, published last month by the Oireachtas Joint Committee on Jobs, Enterprise & Innovation, addressed the issue of personal guarantees in the context of a lack of banking competition in the market.

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