Personal Guarantee Insurance: How It Works | Jason Hunt Interview

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by a searcher from Brown University
in Arlington, VA, USA

23h ago

Personal Guarantee Insurance: How It Works | Jason Hunt Interview

The personal guarantee is one of the biggest deterrents to buying a business with an SBA loan. If the business fails, the bank can come after your personal assets. But a new product called personal guarantee insurance (PGI) aims to reduce that risk. Today’s guest, Jason Hunt, founded Ink, a PGI provider. After a career in restructuring and buying and selling a business himself, Jason decided against a second acquisition because of the personal guarantee risk. Listen as we break down how PGI works, what it costs and covers, how lenders view it, and how it applies to buyers, serial acquirers, and sellers rolling equity.Jason is also joining us for an Acquiring Minds webinar Tuesday, November 17, at noon Eastern. Find the registration link in the show notes. 00:00 Introduction to Inc. 01:02 Jason's background in turnaround finance 07:59 Defining the personal guarantee 10:23 Napkin math walkthrough 17:08 Additional customer profiles 19:24 Lender community reactions to PGI 27:30 Policy structure 31:23 Claims process mechanics

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