Its going to be tough to have an investor provide a personal guarantee while keeping your deal economics the same. Yes it is possible to have another guarantor, but they want more equity because they now have more skin in the game and they may try to dictate your compensation as an operator because they want the note paid off as quickly as possible to remove the guarantee.

Depending on what type of financing you are looking for there may be other options. You could certainly use a minority investor to guarantee the loan. The question is going to be how much of a guarantee does the lender want. Do they want a full guarantee or a partial guarantee? Is your investor going to sign a full guarantee with only a partial equity interest in the business? The other issue is that once a guarantor the only way they are going to be released is if the lender approves it. It is often hard to get a lender to come back and release a guarantor in the future, unless they are willing to provide specific provisions up front under which they will do so, which I rarely see lenders do. I would be happy to have a discussion and see if we can provide more advice or assistance. You can reach me here or directly at redacted