Signed an LOI on a Dutch distribution business late last year.

The company does 30M revenue, 2.5M EBITDA.

Now looking into bank financing for 50% of the enterprise value.

None of the traditional Dutch banks propose to make use of the GO 50% government guarantee scheme. Instead they all opt for the MBKB guarantee that requires to provide a personal guarantee to the amount of 25% of the outstanding amount.

Does anyone have experience in this field ? Knows how to convince banks to drop the personal guarantee ?