Archives Tag: collateral
Should You Get a Bank Loan for Your Business?
April 19, 2022
Maybe you’re a risk averse, debt loathing entrepreneur. Or you could be a businessperson who isn’t troubled about taking out a big loan. Whichever of these descriptions you identify with, you’ve probably considered getting funding for your business from a lender of some sort, whether they’re formal or informal. Banks are the traditional formal lenders … Continue reading Should You Get a Bank Loan for Your Business?
Did You Know? Online Platforms That Can Give You A Loan Without Collateral
April 19, 2022
Traditional financial institutions seldom lend without getting a guarantee that they won’t lose all their money if a borrower fails to repay their loan. Financial institutions usually request for collateral from would-be loan recipients, something they can hold on to just in case that recipient doesn’t fulfill their promise to repay after a mutually agreed … Continue reading Did You Know? Online Platforms That Can Give You A Loan Without Collateral
