Ink Insurance goes live

Ink Insurance  is now offering personal guarantee insurance for SBA 7(a) borrowers in 43 states and Washington, DC.

We first covered the company in February when it operated as Get EBIT and was preparing to launch the product.

The borrower-side policy covers up to 85% of eligible personal losses if a personal guarantee is enforced, with policy limits of up to $5 million. Borrowers can apply before closing or within 180 days after their loan closes. The coverage does not remove or modify the personal guarantee, change collateral requirements, or serve as credit enhancement.

Ink’s insurance partner is Lyndon Southern Insurance Company, an A-rated carrier.

Ink is backed by TenOneTen Ventures, Everywhere Ventures, Hustle Fund, and Park Ranger Capital.