Individual pledges try most often used to secure a loan otherwise other line of credit to have a unique team A personal make sure try a hope created by a professional otherwise mate when you look at the a business to take on responsibility to own borrowing given into organizations if the company is not able to pay the debt. When a single will bring an individual make sure, they getting physically liable for the debt whether your business is unable to repay it. Private pledges are generally always give even more defense to help you financial institutions one to give money so you can a business. Including, a holder from a corporate might provide a personal be sure inside the acquisition so you can secu