SBA Business Loans…What Types of Collateral are Acceptable?

EIN Number For A New Business- 5 Tips To by IRS EIN, on Flickr
Creative Commons Attribution-Share Alike 2.0 Generic License  by  IRS EIN 
Did you know that when you apply for sba business loans, many financial lending institutions will require you to offer collateral in order to receive approval for small business funding?
The most commonly used asset for collateral is real estate. So the type of real estate that you could use would be your home, your business property or any other property that you own (as long as you have enough equity).
Now, if you do not have equity in your home or other properties, you might offer other assets that could be collateralized like your accounts that have bonds or stocks. Another source of assets you could use as collateral would be expensive equipment or specialized equipment. Note, your home computer would not be considered expensive or specialized equipment.
Also keep in mind that the banks will very rarely give you full market value credit for your assets. After all, banks are in the business of loaning money and earning interest, not in the business of selling houses or other collateral assets.
And on top of that, even though you are offering let say your stocks as collateral, some banks may only accept equipment as collateral. So you will need to search for a lender that will accept the form of collateral you can offer.
Wishing You the Best,
Karen Schimpf
Toll: 866-400-8630
Phone: 512-650-8630
Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Tagged as: , , , , , ,

Author: admin

Here’s A Little Bit About Me. 20+ years in the finance industry, I rose to the level of Assistant V.P. with Chase Manhattan. While working for Chase, I decided that I wanted to have residual income without having to quit my job. I bought my first apartment building in 1996, three days before my wedding. In 2001, I decided I would leave the corporate world and work for myself in a net branch environment. My passions are helping people get commercial mortgage loans. I also am passionate about investing, working out and being with my family and friends.

  • Okay site, where by does generate all the data in such a bit? I’m just pleased We found it while, i’ll end up being checking out again immediately to see what other reports you may have.

  • It is top notch write-up, We are less than impressed understand all of them must have been a joy.

  • Fine getting visiting your website again, it is often many months to me. Nicely this kind of articles that will i have ended up waited intended for so long. I needed this kind of piece of writing to help complete our mission inside of higher education, and contains very same matter using your article. Thank you, excellent reveal.

  • This particular certainly a brilliant web-site you may have visiting this site. The matter is extremely informative plus direct to the point. Ecstatic to see more details on your site next time.

  • I’m sure this is certainly fantastic I truly value the particular informations propagated in this article Let me bookmark that!

  • I can see your stage

  • Awesome publish

  • I already went into registry and made sure that the X/O swap wasn???¨º?¨¨t toggled, and also changed the language alternative to English/US Lat1, but still this happens.

  • Are grateful for your current document. This specific study hobbies and interests men and women totally and also using an individual, I discovered brand new critical things. Previously worth it to read. Thank you. Bravo. You reside.

  • Hey ,!! Wonderful tips. This is quite a help at just the right time. Thanks for telling this on this site !

  • I’ve had a sufficient amount of with stupid bloggers around, I’ve seen good writing and also exemplify that.

  • This will be the particular website I read on my new Iphone. Ill be back. Very originative, one of the gracious sites I have understood today. Retain the nice work.

  • Thanks for the insightful post about this issue – a lot of the things you have referred to I was never aware of before.

  • I have to say, a lot of these comments strike a chord with me but some peoples comments seem to get a bit too angry if you don’t correspond with their feelings.

  • Good info all over again, I dont know the way you keep churning through content at a really high level.

  • I do not constantly correspond with your posts but it’s always an entertaining read.

  • Amazing insights you could have provided article. The next step is to implement all the ideas here.

  • Hey friend can i publish some paragraph of your article on my little blog of university.I have to publish a good articles out there and i really think your post Fits best into it.I will be grateful to give you an source link as well.I have two blogs one my own and the other which is my college blog.I will publish some part in the university blog.Hope you do not mind.

  • Your articles is very informative, keep up the good writing!!!!

  • I’ve been following posts. I always find you articles educational.

  • Pingback: try this web-site()

  • Pingback: contacting custom home()

  • Pingback: adonis effect review()