I'm guessing you are looking to do something self-funded with that loan size? I'd say if you are confident enough to make the purchase then you should be confident enough to put yourself behind it. There are also ways to limit what assets a personal guarantee can come after.

I agree 100% with Jordan. As well as many sellers will make you guarantee the seller note, especially if you are not well funded or don't have industry experience, or a good advisor!

Peter - my fund makes non-PG debt investments. Shoot me an email and happy to see if there is a fit: [redacted]

^[redacted]‌ - This is a really popular topic on Searchfunder. If you try searching for "personal guarantee" in the searchbar, it will return dozens of older posts that might be helpful. You can find some lenders on Searchfunder that don't require a personal guarantee, although many will. To find lenders, go to Menu / Directories / Lenders. Here is the direct link: https://www.searchfunder.com/user/list/lender

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Thanks, Luke. This is super helpful.

If you purchase a business with assets that significantly exceed the loan amount then maybe you can get around a PG with non-SBA debt funding. Or at least have a more limited guarantee.

Thank you all, this is very helpful