The Role of Collateral in Securing Business Loans

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2024-05-23 13:36:15 - Translate -

Collateral serves as a protective measure for lenders when granting business loans, particularly secured business loans. In basic terms, it acts as a form of security, offering reassurance to the lender that they have a means of recourse if the borrower defaults on their loan. This collateral can include a wide range of assets, including real estate, equipment, inventory, or even personal...

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