• Real or Personal Property Pledged as Security as a Secondary Repayment Source for a Term Loan
• The Collateral is Subject to Being Forfeited Should the Loan Go Into Default
• A Secured Loan is a Loan With Collateral Usually Sufficient to Repay Some or All the Outstanding Loan Balance Should the Primary Repayment Source, Cash Flow, Fail
• IMPORTANCE TO YOU - Collateral is an important part of the underwriting process. Real estate collateral may not be worth as much as everyone thinks. Personal property. What is the real cost of going too far to save a business? Frankly, here is a good reason why saving a business on 'life support' may not be the right decision