What is the purpose of an LLC when everyone wants personal guarantee before setting up an account?

I'm opening a small business and was directed to file as an LLC so as to protect my personal assets. But everyone that I would like to setup an account with wants a personal guarantee whether I鈥檝e been in business 1 or 10 years. What good does the LLC serve under those conditions? I understand about the lawsuit protection aspect, but where's the personal asset protection?
What is the purpose of an LLC when everyone wants personal guarantee before setting up an account?
It will offer you some protection from client lawsuits. Further, it is typical to have to personally guarantee obligations for a start up. Once you have an established history as a viable entity, you will be able to cease personally guaranteeing obligations and then your LLC will offer protection from creditors as well.
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