Assertion: personal guarantee | /r/HasProperty | legal contract
Facets:
value: to repay the loan
type: PURPOSE
Source sentences:
text: A personal guarantee is a legal contract requiring an individual – typically an officer or owner of the business borrowing money – to personally repay the loan in the event the business is unable to do so," says Mike Luebbers, chief credit officer for revenue-based financing lender Lighter Capital.