When you make a personal guarantee on a business loan, you’re essentially promising the lender that you will use your personal assets to repay the loan if your business ends up not being able to pay that loan itself. Limited personal guarantees are as they sound: the lender has a limit to which assets they can seize, and how much of them. Unlimited personal guarantees are similar, but they allow the lender to seize the full value of the loan by taking from any and all of your personal assets until they’ve fully recouped their losses.
We just need to arrange a third party assurance, which can be fulfilled through the guarantor's presence during the loan agreement. If the guarantor has a good credit score as well as working in a reputed company, then guaranteed acceptance on loans is always there for them.
For instance, the long-term funding requires a good credit history from the borrowers. One thing to remember that mostly the guaranteed loan approval is only provided in the scenario of the small amount to borrow.