Usually, yes. Personal guarantees are standard on most acquisition facilities. The scope and amount vary by lender, and they're one of the key things to compare between offers.
What a personal guarantee means
You promise personally to repay some or all of the loan if the business can't. It's separate from any security over the business's own assets.
What to check
- The amount: a capped figure, a percentage of the loan, or unlimited.
- The scope: this loan only, or all the business's borrowing.
- Any charge over property backing the guarantee.
- When it can be called, and whether it reduces as the loan is repaid.
Under the Growth Guarantee Scheme
Lenders can still ask for a personal guarantee, but they can't take your main home as security.
Before you sign
Take independent legal advice. If others own your home with you, they may need advice too.
Last reviewed: 8 October 2026