Yes, loans made to a non-natural person (business entity), are required to have guarantor(s).
Owners who own 25% or more of a business entity will be required to be a guarantor.
What is required for a personal guarantee?
Peach State will review your loan application, credit report, resume, and personal financial statement.
Tip: We offer free financial counseling through BALANCE, a free member financial counseling resource. There are multiple resources for small businesses. Get started today!