LowDown Business tips for SMEs
This week: company directors and personal guarantees
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.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine