In the early part of 2016 we have seen a significant rise in secondary lender personal guarantee demands. These are coming from across the board in the secondary lending market including crowdfunders, invoice finance and business loan organisations. We have also seen a significant rise in trade personal guarantee demands.
The worrying trend is that demands from secondary lenders are outstripping those from traditional banks, and even more worrying is that the majority of these demands are being made where these lenders only security is a personal guarantee.
There is significant concern in the professional world in this regard and certainly we have been watching this storm brew for over 2 years and we will be releasing three videos covering the issue during May and June.
12 May By Mel Loades