Tap on DealsRisk & liability
Does Capital On Tap require a personal guarantee?
More detail
A personal guarantee means a named director becomes personally liable for unpaid balances if the company defaults. This is standard across UK business credit cards because they are unsecured. You read and agree to the guarantee during the application, before you accept the offer. In normal use — paying your balance each month — the guarantee never comes into play; it only matters if the business cannot repay what it owes. Note it is an 'all monies' guarantee, so your liability tracks the credit limit over time.
Quick reference
- Question
- Does Capital On Tap require a personal guarantee?
- At a glance
- Yes.
- Topic area
- Risk & liability
Sources to check
For current product details and terms, check the issuer directly: