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Hannah Taylor

Swoop made the entire funding process incredibly straightforward and stress-free. From the outset, the platform was easy to navigate and clearly designed with businesses in mind. The team took the time to understand our needs and presented funding options that were genuinely relevant, rather than a one-size-fits-all approach. What really stood out was the level of support throughout the process. Communication was clear, responsive, and professional at every stage, and we felt well informed from initial enquiry through to completion. The expertise and transparency provided gave us real confidence in the decisions we were making. Overall, Swoop is an excellent solution for businesses looking to explore funding options efficiently and with expert guidance. I would highly recommend them to any business seeking a reliable, knowledgeable, and customer-focused funding partner.

Jan 23, 2026

Michael

A user friendly and intuitive platform that did not make the process onerous. Also Ikrah Ramzan, the Asset Finance Funding Manager was helpful, engaging, and supportive through the process.

Jan 20, 2026

Paul Brogan

Great service nice people pleasure to work with, highly recommend them

Jan 16, 2026

Peps Cafe

Very good customer service 👏

Dec 13, 2025

Rachel Martin

Working with the team at Swoop Finance has been genuinely brilliant, both as a partner and as an accountant, recommending them to clients. Their platform makes the funding process feel clear and accessible, and their team really take the time to understand each business before suggesting options. I’ve referred several clients through Swoop this year - from start-ups to established companies and each one has come back saying how seamless and supportive the experience was. From my side, collaborating with Swoop has been effortless. They genuinely care about helping business owners grow sustainably, and their communication and professionalism make them a standout partner in the finance space. Great for accountants looking to add value to their clients and for business owners looking to explore funding with confidence.

Dec 12, 2025

Taz Allinson

Working with Swoop has been brilliant. They’ve been a great brand to collaborate with behind the scenes, and our clients are already feeding back positive results after using Swoop to access funding for their businesses. Highly recommend!

Dec 9, 2025

Frank Coelho

Fantastic tool for business owners. It simplifies the funding landscape and brings everything into one dashboard. I was able to see my options quickly without the usual hassle. Very impressed with the service.

Dec 5, 2025

BuildBright Contractors

We recently worked with Swoop Funding to help finance our new van purchases, and the experience was outstanding from start to finish. The process was smooth, transparent, and far easier than we ever expected. A special shout-out goes to Ikrah, who was absolutely fantastic throughout. She was proactive, knowledgeable, and incredibly supportive—always quick to respond, always clear in her explanations, and genuinely committed to finding the best possible solution for us. Her professionalism and friendly approach made the entire journey not just stress-free, but genuinely enjoyable. Thanks to Swoop—and especially Ikrah—we were able to secure the right funding quickly and confidently. We couldn’t be happier with the service and highly recommend them to anyone looking for business finance done right.

Nov 18, 2025

Claudia Mirabela Costea

A bit late with my feedback but I want to recognise how supportive swoop has been with assisting me to find the best funding for my tiny business.In a world full of possibilities it is rare to find people to help you explore the right paths for your needs.I want to also recognise Daniel M. On this ocassion as he was very professional and prompt to get involved and emailed me all the resources I needed

Oct 19, 2025

Todd Holden

Swoop have been nothing short of excellent. From sign-up to installation, the whole experience has been great. I can’t recommend them highly enough. There’s no more lag when streaming, and the service has been so good that I’ve also switched my business internet to Swoop. I’m really glad to now be on FTTP- previously, I was using wireless 5G for home and FTTN for the business, and neither came close to the speed and reliability we have now

Oct 15, 2025

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Page written by Chris Godfrey. Last reviewed on August 27, 2025. Next review due April 6, 2027.

Personal guarantee insurance (PGI) is a form of business insurance designed to protect business owners and directors who must provide a personal guarantee to the lender when their company takes out a loan.

Personal guarantee insurance can provide a win/win situation; covering a large percentage of the loan to reduce business owner risk, and making lenders more comfortable by delivering an extra financial backstop in case things should go wrong.

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How does PGI work?

When a business owner or director personally guarantees a loan, they are offering their private assets as security against the debt. Typically, this will include their home. If the business defaults and cannot repay the debt, the individual is personally responsible for the amount guaranteed and the bank can seize and sell their assets to recover the money. Personal guarantee insurance can cover a large portion of this liability, reducing risk to the business owner’s personal wealth.

Personal guarantee insurance at a glance

Cover: PGI will cover a percentage of the personal guarantee, which can range from 60% to 80% or even more, depending on the specific policy terms. If the business defaults, the insurance will pay back this portion of the debt, leaving the guarantor responsible for the balance.
Flexibility: Some PGI policies might allow for increases in coverage (the percentage the policy will pay out) as the business continues to repay its loan and reduce its debt.
Cost:The cost of PGI will vary depending on the sum insured, the nature and financial health of the business, and the credit rating of the guarantor.
Making a claim: PGI is not a simple way to walk away from debt. Certain conditions must be met before a claim is paid. For example, the policy might demand that the business must be declared insolvent before a claim can be considered.
Benefit to lenders: PGI is primarily taken out to protect the business owners, but it can also provide some assurance to lenders, as it adds extra security to the loan.
Limitations and exclusions: No insurance policy covers everything; PGI will have certain exclusions and limitations. It’s important to read your policy carefully and to understand what’s covered and what isn’t.

Who is personal guarantee insurance for?

Personal guarantee insurance is designed to protect business owners, company directors, or any stakeholder who is personally guaranteeing repayment of a loan on behalf of the business.

When is personal guarantee insurance needed?

You should consider personal guarantee insurance if you are asked by a lender to personally secure a business loan on behalf of your business or if…

You are starting or investing in a business
Expanding your current business
Joining a partnership or becoming a director
Facing uncertain economic conditions
Becoming a limited company
You have significant personal assets

Benefits of personal guarantee insurance

Safeguard personal assets: The most important benefit of PGI is that it can protect your personal assets – your home and/or your savings – from being seized by a lender should your business default on a loan.
Secure peace of mind: Knowing that a large portion of the potential debt is covered by PGI can reduce the stress and worry associated with the potential of a business loan default.
Promote business growth: The risk associated with personal guarantees and the potential to lose your home and savings can put many business owners off the idea of taking on debt to grow their business. However, PGI can make those kind of decisions easier, allowing business owners to take the calculated risks that can help the business grow.
Increase your borrowing power: Lenders may be more willing to grant a loan or offer better terms when they know that a large portion of the debt is backed by PGI, in addition to the personal guarantee.
Reduce the threat of personal bankruptcy: If the worst happens and your business enters insolvency, having PGI could make the difference between personal financial survival and your personal bankruptcy.
Benefit from flexible coverage: Some PGI policies offer flexible coverage, where the sum insured can increase as the business repays its loan and reduces its total outstanding debt.
Assure stakeholders: PGI can instil confidence in investors, lenders, and even key employees, because they know there’s a safety net in place.
Manage risk: Most business owners are used to managing risk, but PGI provides an additional layer of security. Even if the business faces unexpected challenges, the owner’s personal assets have a strong measure of protection.
Cover more than one guarantor: In businesses with multiple partners or directors, if each has provided a personal guarantee, PGI can be taken out by each guarantor, ensuring that all are similarly protected.
Increase your negotiation leverage: If your business faces financial difficulties, having PGI in place may provide leverage when negotiating with your lenders. Because a portion of the debt is fully covered, they may agree to more favourable restructuring terms.

How to apply for PGI

It’s as simple as filling out an online form, receiving a quote, then accepting the premium to collect your policy.

Or, if you prefer more individual support…

Get started with Swoop's business funding platform

Contact Swoop to discuss your personal guarantee insurance needs. Never put your hard-earned wealth on the line again.

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.

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