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The overdraft facility is to be secured
By the Guarantee provided below and any other security held by us or in the future.
In consideration of this facility ,the guarantor named in the aknowledgement section below guarantees the payment of ,and will , on the banks written demand pay all money owed under this facility etc etc £11,000 O/D £4,500 loan
The diectors shall sign the following undertaking -should the company fail to pay to the terms then the directors of the company will jointly and severally liable peronally for the full outstanding account plus any collection costs and this agreement will be honoured for a period of 48 complted trading months 21/8/12
Signed by us both
R Stibbs *****
No they did not suggest getting legal advise what do you sugest I do as I have to go into hospital next week and nee to get started on this asap so that they don't both suddenly demand payment .