I'm putting $80,000 down on a new excavator with the purchase price of $379,000. I would not like to have to do a personal guarantee. With this much money down is it reasonable to not have to sign one?
It depends on the structure, assets, longevity of your company, and what underwriting requires. You can always play hardball with them. Even with a PG, it may not show up on your personal credit report, depending on how the lender handles it (should be able to disclose that in advance).