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The guarantee outlives the shareholding
A personal guarantee is your promise to the lender, not the company’s. Transferring your shares changes who owns the business, not who signed the guarantee. Unless the lender agrees to release you, you remain liable for any loan drawn on your watch.
How to get released
Make a formal guarantee release a condition of the sale. The buyer may refinance the debt or give their own guarantee. If you never gave a guarantee — as with a no-PG lender — there is nothing to unwind and the sale is cleaner.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. Borrowing without a personal guarantee removes this exit headache entirely. See business loans or apply online.
Frequently asked questions
Am I still liable after I sell my shares?
If you signed a personal guarantee, yes — until the lender releases you in writing. The share transfer alone does not end the guarantee.
How do I avoid this?
Either negotiate a written release at sale, or borrow without a personal guarantee in the first place so there is nothing to release.
Related reading
What is a personal guarantee and do I need one?
A personal guarantee (PG) is a legal promise by a company director to repay a business debt from their own…
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Does no personal guarantee mean I can walk away from a business loan?
No personal guarantee means the lender cannot come after your personal assets to recover the loan — the debt…
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Am I personally liable for a company loan?
Generally no — limited liability means the company, not you personally, owes the debt, unless you have signed…
Read →Can a lender register a charge without a personal guarantee?
Yes — a charge secures the loan against company assets, while a personal guarantee secures it against you…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.