Learn more about collateral

Learn More About Collateral

What does collateral mean? Collateral refers to assets that a borrower signs over to a lender to secure a loan.  If the borrower stops making the promised loan payments, the lender can sell the assets to recover the money loaned. This means that, if you have ceded an asset to a lender as collateral for a loan, you CANNOT sell that …

Key factors when applying for business finance

Many factors go into the decision making pot when funders decide to approve or decline a loan, and not all of these are within your control. This article looks at some of the key factors that will impact on your loan, and what you can do to improve the odds of a successful application. Risk and payment reputation One of …