Mehran Sugar - MRNS - Stock Price and Chart
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MRNS Stock Price and Chart

Mehran Sugar

Change Rs. -1.52 (-0.02%)

2020-02-19
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Personal Guarantee

If you’re seeking financing for a very new business and don’t have a high value asset to offer as collateral, you may be asked by the lender to sign a statement of personal guarantee. In effect, this statement affirms that you as an individual will act as guarantor for the business’s debt, making you personally liable for the balance of the loan even in the event that your business fails.

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