Day: March 4, 2021

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Leveraging Collateral to Secure a Business Loan and Grow Your Company

The backbone of a successful business loan is collateral. Almost every financial institution will require collateral—a piece of real estate property, car, business inventory, or personal savings—to approve a business loan. Generally, a loan offer will only make up 85% of the value of the collateral. If you are putting up $20,000 worth of assets, …

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