Usually your lender doesn’t require personal assets for security.  They fund your business by taking the following:

A General Security Agreement (GSA) – This is a registered charge that sits on your business.

A Factoring Agreement – This is a contractual agreement assigning all of your invoices to us while defining the rules of the facility.

Personal Guarantee – Personal Guarantees will be required from directors and in some cases shareholders who are not directors.  As we only fund to the value of invoices, this guarantee will only be called on in an instance of fraud or default.