Sentences with phrase «assets during the loan term»

Rather, they apply a general lien to business assets during the loan term and require a personal guarantee (a common practice also used by many banks).

While a traditional bank loan often requires specific collateral before they will lend to a small business and may rely heavily on the personal credit of the business owner, OnDeck offers fast small business loans from $ 5,000 to $ 500,000 with a general lien on business assets during the loan term and a personal guarantee.

Rather, they apply a general lien to business assets during the loan term and require a personal guarantee (a common practice also used by many banks).

Rather, they may apply a general lien to business assets during the loan term and require a personal guarantee (a personal guarantee is also a common practice used by most banks).

Not exact matches

They will likely require a general lien on business assets and a personal guarantee to secure the loan during the loan term.

These lenders will typically place a general lien on the assets of the business during the loan term.

They will likely require a general lien on business assets and a personal guarantee to secure the loan during the loan term.