Personal Guarantee Template, Free Download 2026

This Personal Guarantee ("Guarantee") is given as of [____________] by [Guarantor Name] ("Guarantor") in favor of [Creditor Name] ("Creditor"). As a material inducement to Creditor to extend credit to, enter into or maintain [a loan / a lease / a commercial agreement / a line of credit] with [Primary Obligor Name] ("Primary Obligor") (the "Transaction"), Guarantor hereby unconditionally, absolutely, and irrevocably guarantees to Creditor the full, prompt, and complete payment and performance of all present and future obligations, liabilities, and indebtedness of Primary Obligor to Creditor arising from or related to the Transaction, including principal, interest, fees, costs, charges, penalties, and expenses (collectively, the "Obligations"), as they become due, whether at maturity, by acceleration, or otherwise.

This Guarantee is an unconditional guarantee of payment and performance and not merely a guarantee of collection. Creditor shall not be required, as a condition of enforcing this Guarantee, to: (a) proceed against Primary Obligor or any other guarantor; (b) proceed against or exhaust any collateral or security held by Creditor; (c) pursue any other remedy available to Creditor; or (d) file or enforce a claim in any bankruptcy, insolvency, or reorganization proceeding of Primary Obligor or any other person. Guarantor's obligation hereunder is a primary obligation and shall be enforceable against Guarantor to the same extent as if Guarantor were the primary obligor with respect to all Obligations.

Guarantor hereby unconditionally waives, to the fullest extent permitted by applicable law: (a) notice of acceptance of this Guarantee; (b) notice of the creation, renewal, extension, modification, or acceleration of any Obligation; (c) notice of any default by Primary Obligor; (d) demand for payment, presentment, protest, and notice of dishonor with respect to any Obligation; (e) any right to require Creditor to proceed against Primary Obligor before proceeding against Guarantor; (f) any defense based on the statute of limitations applicable to the Obligations; (g) any defense based on any impairment of subrogation rights; and (h) all suretyship defenses of every kind and nature, whether arising at law or in equity.

Guarantor agrees that Creditor may, without notice to or consent of Guarantor, and without in any way releasing or impairing Guarantor's obligations hereunder: (a) extend, renew, compromise, or release the Obligations or any part thereof; (b) accept, release, substitute, impair, or fail to perfect or enforce any collateral or security for the Obligations; (c) grant Primary Obligor any indulgence, forbearance, or modification of the terms of the Transaction; (d) consent to the assignment of the Transaction or any interest therein; and (e) apply all payments received from Primary Obligor or any collateral in such order and manner as Creditor may determine in its sole discretion. No action or omission by Creditor shall limit or release any of Guarantor's obligations under this Guarantee.

Guarantor's right of subrogation against Primary Obligor and right of contribution against any co-guarantor shall be fully subordinated to the prior payment in full of all Obligations to Creditor. Until all Obligations have been indefeasibly paid in full and all commitments of Creditor to Primary Obligor have been terminated, Guarantor shall not exercise any right of subrogation, contribution, reimbursement, indemnification, or any other right against Primary Obligor or any co-guarantor arising from or related to this Guarantee. Guarantor acknowledges that the enforcement of subrogation rights prior to satisfaction of all Obligations could impair Creditor's security and would be prejudicial to Creditor's interests.

This Guarantee shall inure to the benefit of Creditor and its successors and assigns. Creditor may assign or transfer this Guarantee, in whole or in part, without notice to or consent of Guarantor, and any assignee or transferee shall be entitled to enforce this Guarantee to the same extent as Creditor. Guarantor may not assign or transfer any right, obligation, or interest under this Guarantee without Creditor's prior written consent, which may be withheld in Creditor's sole discretion. This Guarantee shall be governed by the laws of the State of [____________], and Guarantor irrevocably submits to the exclusive jurisdiction of the courts of [____________] County, [____________], for all disputes arising from or related to this Guarantee.