It’s understandable that you want to avoid giving personal guarantees when applying for a line of credit for your business. However, it’s not so easy to do, as lenders tend to avoid any possible risk.
If you really don’t want to mix your personal and business life, you will have to fulfill definite requirements. In order to have your business being approved without your guarantee, the business has to be in compliance with the credit market. This is the first step you need to make if you think about avoiding personal guarantees.
In case your business isn’t in compliance with the lending market, this may cause serious problems with credit bureaus and lenders. These problems can be as simple as having no business license or a separate phone line.
Only then you can negotiate with the lenders. Show that you are determined in your desire and you can provide all possible documents and make preparations.