Yes, US business owners can get covered. PGI America protects your home and savings when you sign an SBA 7(a), acquisition, or commercial loan guarantee.
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SBA loan personal guarantee insurance →
If you searched "is personal guarantee insurance available in the US" and landed on an article saying "no," that article is out of date. PGI America offers personal guarantee insurance to US small business owners today. Coverage is live, underwriting is active, and policies bind nationwide on SBA 7(a), SBA 504, acquisition financing, and conventional commercial loans.
Several widely cited pieces from 2020 to 2023 (including write-ups at The Balance, Company Debt, and Swoop US) stated that personal guarantee insurance was a UK-only product with no US carrier. That was accurate then. It is not accurate now. PGI America has changed the picture. American business owners signing a personal guarantee no longer have to accept unlimited personal exposure with no hedge.
If you are an owner with 20% or more equity on an SBA 7(a) loan, you are required to sign an unlimited unconditional personal guarantee. That requirement cannot be waived. What you can do is insure the exposure. A PGI policy sits alongside the SBA guarantee and may reimburse a covered portion of your personal payment obligation if the guarantee is ever enforced. See the SBA loan personal guarantee page or the pgicover.com hub for how the coverage works.
Yes. PGI America has offered personal guarantee insurance to US small business owners since 2025. Coverage is available nationwide and works on SBA 7(a), SBA 504, conventional bank loans, and acquisition financing. If you have read older articles saying PGI is not available in the US, they are out of date.
Yes. SBA 7(a) loans require an unlimited unconditional personal guarantee from every owner with 20% or more equity. That requirement cannot be negotiated. A PGI America policy sits alongside that guarantee and may reimburse a covered portion of the personal payment obligation if the guarantee is enforced following a qualifying default.
US-based owners and operators who have signed, or are about to sign, a personal guarantee on a business loan. That includes SBA borrowers, search funds and ETA buyers closing an acquisition, founders scaling with term debt, and operators with commercial lines of credit or equipment financing.
Subject to policy terms, PGI may cover up to 80% of the covered personal guarantee amount if the guarantee is enforced after a qualifying trigger event such as business bankruptcy, loan acceleration, or a lender's formal demand. The remaining share stays with the guarantor.
Read the personal guarantee insurance overview on pgicover.com, the SBA loan personal guarantee explainer, or contact PGI America through the email signup above for early access updates.