Account Application Personal Guarantee: Fill & Download for Free

Being on the MATCH list doesn't automatically mean your credit will be affected. As long as you don't leave the merchant account in a negative balance, your credit should be unharmed.If you do leave a merchant account with a negative balance, there's a good chance it'll end up on your credit report. Not every processor reports to the credit bureaus, however. Also you may be protected if you were able to skip past the personal guarantee portion of a typical merchant account application.The way you would do this is share existing business financials, typically. Balance sheet, profit and loss, bank statements, etc. If you're brand new and don't have business financial history, then you are probably not going to swing getting a merchant account without the personal guarantee.

You may be looking for a non-traditional lender and not a bank. The vast majority of banks will require either collateral to secure a loan or a personal guarantee.While it's difficult to answer the question without specifics (such as loan amount and where the business is located), there are options available.Full disclosure: the company I work for, AmOne, for offers a free service that includes matching people with the highest-rated business loan solutions available, particularly for small businesses. Small Business Loan Solutions | AmOneFor a small business looking for alternative financing (especially one where the owner has a good to excellent credit score and the business has good to excellent credit), there are a few options available. The business can apply for the 7(a) Loan Program through the Small Business Administration (SBA). If the purpose of the loan is to obtain equipment or land, the SBA also has their CDC/504 Loan Program available.Another option is an unsecured personal loan. As these types of loans don't require collateral, they can be faster and easier to obtain. However, since it is a personal loan, a guarantee is needed.Depending on the business need and the amount of working capital desired, a small business line of credit may be another option. A line of credit would allow for a business to obtain only the money needed, meaning that the business saves by paying interest on the amount used.There are also alternative financing options in the form of merchant cash advances and bank statement financing. With merchant cash advances (or MCAs), lenders basically offer an advance against future credit card sales or debit card sales, or a mix of both. This option is only applicable for those businesses that accept credit card or debit card payments.Bank statement financing is a type of business loan that factor's in a business's monthly bank account balance as part of the approval process. Bank statement financing loans are unsecured, so no collateral is put at risk, and multiple business bank accounts can be used for approval.Which financing option is right for the business depends on the amount of the loan desired, as well as the state that the business is located. Both have an impact on funding choices, terms, and conditions.

You need to check the credit card application that was originally submitted, but almost all business credit cards require that an officer of the company personally guarantee the account. In which case they will come after you personally. That is assuming you were the person who took out the credit card originally.