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Can You Get a Startup Loan With No Collateral?

Nerd Wallet

Tracking down no-collateral startup business loans can be a challenge, but it’s not impossible. However, you can expect them to have higher interest rates, shorter repayment terms or lower maximum lending amounts than secured business loans. The article Can You Get a Startup Loan With No Collateral?

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SBA Loan Collateral vs. Guarantee: What’s the Difference?

Nerd Wallet

Personal guarantees and collateral are both ways of promising a lender that you’ll make good on your debt. You may have to offer both to get an SBA loan. Collateral ties a loan to a specific asset, like your business’s inventory or your home, which the lender can seize if your business can’t repay the.

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How to Get a Business Loan Without Collateral

Nerd Wallet

Business loans that don’t require collateral come in a variety of forms, including online loans, bank loans, Small Business Administration loans, invoice financing, equipment financing and inventory financing. The article How to Get a Business Loan Without Collateral originally appeared on NerdWallet.

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What are the Conditions Precedent (if any) to Perfecting a Claim to an Assignment of a Life Insurance Policy as Security Collateral for a Loan?

Jimerson Firm

When lenders take life insurance policies as collateral for loans, they need to be aware of what needs to occur to place a claim in the event their borrower dies. Therefore, it is critical for lenders to confirm that no prior assignment exists on life insurance collateral prior to taking the collateral on as security for a loan.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation. Payday loans.

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Recovering Personal Property Collateral: When Should Secured Creditors Consider Replevin Instead of Self-Help Repossession?

Jimerson Firm

Many secured creditors and equipment leasing companies have encountered defaulted debts, where the debtors and lessees retain possession of the collateral, including cars, boats, machinery, or other equipment. Broward Bank , a creditor bank hired individuals to repossess a car from a debtor who defaulted on its secured loan with the bank.

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How Can a Secured Creditor Repossess Collateral Without Breaching the Peace?

Jimerson Firm

When a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral. In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. 679.609, Fla.