Sentences with phrase «adequate collateral for the loan»
This report is done by the home appraiser, who will do an interior and exterior inspection of the subject property to determine the value of the home to make sure it is adequate collateral for the loan.
http://www.centralcoastlending.com/ Not exact matches
The collateral requirement can make it difficult for even a healthy business that doesn't have adequate collateral to apply for a traditional small business loan.
The Secretary shall accept, for the purpose of making a finding with regard to adequate collateral for a public entity, the net present value on a future stream of State or local subsidy income or a dedicated revenue as collateral offered to secure a loan.
Most SBA loans require that the company has been active for 2 + years, business and / or personal collateral, a personal credit score of 680 + and adequate business credit, no outstanding delinquencies or defaults reporting on business or personal credit, and usually a down payment on the loan.
The collateral requirement can make it difficult for even a healthy business that doesn't have adequate collateral to apply for a traditional small business loan.
In other words, if the rest of your application looks good, but you don't have adequate collateral, your application for a 7 (a) loan won't immediately be rejected because you don't have sufficient collateral — but they will likely want to secure the loan with all the collateral you do have available.
However, if you do not want to venture out too much while seeking investment options, you can stick to a traditional insurance policy, which will provide you adequate coverage for your minor child's education, medical expenses, coverage in case ofdemise of either of the parents, and also act as a suitable collateral for loans taken for higher education.