Read this if you dare…the SBA personal guaranty. Yes hard to believe. You signed it.

Typically, in most commercial situations, a personal guaranty can be expressed easily in a few sentences. If the lawyers really want to develop the concept it can run a page or even more. But nothing comes close to the overextended, hyperbolic, steroids SBA personal guaranty reprinted below.

If you signed it already, you probably never read it as you were too focused on closing an important loan and may not have cared about the details of the guaranty as you were happy about getting the loan and were not thinking the guaranty would ever become operative.  But things happen.

If you have not closed an SBA guaranteed loan but are contemplating it, read on, it should be very interesting reading. It is the most ultimate, definitive, all inclusive, absolute, complete, personal guaranty, it can be no worse. Read it and weep.