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(Office use only. Pg #) *Ad purchased by Business name Street address City, state, zip code Area code & phone # *Club name *4H memberContact number:*Required before turning in! Attaché Before May

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How to fill out pg

01

To fill out a PG, follow these steps:

02

Begin by providing personal information such as your name, address, and contact details.

03

Include the details of the party for whom you are guaranteeing payment, such as their name, address, and contact information.

04

Specify the amount of money being guaranteed and the duration of the guarantee.

05

If applicable, provide any additional terms and conditions of the guarantee, such as collateral or security requirements.

06

Sign and date the PG form to make it legally binding.

07

Make sure to keep a copy of the filled-out PG for your records.

Who needs pg?

01

PGs are often needed in various situations, including:

02

- Individuals applying for a loan or mortgage who may need a guarantor to secure the loan.

03

- Small business owners seeking to lease commercial properties who may require a PG to assure the landlord of rent payment.

04

- Contractors or suppliers bidding for contracts who may need to furnish a PG as a form of assurance for the completion of the project.

05

- Participants in rental agreements who may need a guarantor to ensure the payment of rent.

06

- International students seeking accommodation in foreign countries who may be asked to provide a PG to assure the landlord of timely rent payment.

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What is pg?

PG stands for Personal Guarantee, which is a legal commitment by an individual to repay a loan or credit extended to a business if the business is unable to do so.

Who is required to file pg?

Individuals who are seeking business loans or credit and are asked by lenders to provide a personal guarantee are required to fill out a PG.

How to fill out pg?

To fill out a PG, an individual typically needs to provide their personal information, details of the business, loan specifics, and sometimes financial statements.

What is the purpose of pg?

The purpose of a PG is to assure the lender that the individual will be personally liable for the debt if the business defaults, providing the lender with additional security.

What information must be reported on pg?

Information that must be reported on a PG includes the personal details of the guarantor, the amount of the guarantee, and details about the business that is being guaranteed.

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