what kinds of collateral are banks looking for when applying for business loan/credit line?

Sep 25, 2009 in Business Line Of Credit

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4 comments

edward I on September 25, 2009 at 3:18 am

Assets that are paid for.
Inventory is not elegible. Suppliers have first claim.
Accounts receivable.

If start up, personal assets fully owned, and your credit history.
Bigboi47 on September 25, 2009 at 3:18 am

A business plan and what ever collateral you have like your house
Is this a start up business or an existing business?
David on September 25, 2009 at 3:18 am

expect to put your house, or car up.
dydy on September 25, 2009 at 3:18 am

I had a friend start her own tanning salon and I remember she said she had a hard time getting enough collateral she even used some of her jewelry good luck

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