On this episode, I talk about guarantees and the risks involved in granting personal guarantees for loans, especially regarding a borrower company one has no direct affiliation with. I explore critical factors you must consider before agreeing to guarantee a loan, as well as how to protect yourself.

Additional point not expressly mentioned in the episode:

A critical part of protecting yourself includes thoroughly reviewing the loan agreement to grasp terms and potential legal ramifications, preferably through your own lawyer, separate from that of the borrower; and exploring legal remedies and defenses available to you in case of default.

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