Who can be a guarantor?
When you specify a guarantor, it means that that person is obliged to take over the debt if the company cannot pay on its own. The guarantor is most often used in cases where the company is unable to make repayments and thus functions as an extra security for the lender.
In the application at Krea, we recommend that you state yourself as a guarantor, we have seen that this leads to a higher probability of having your application approved.
In addition to you as guarantor, other people on the board can also be guarantors for all banks and other lenders. Some lenders can also accept outside persons as guarantors after an individual assessment, you can always indicate which persons should be guarantors in your application by providing their social security number and email.