Sentences with phrase «blanket lien»

You can borrow up to $ 200,000 with no personal guarantee, specific collateral or blanket lien requirements.

You can borrow up to $ 200,000 with no personal guarantee, specific collateral or blanket lien requirements.

Liens can be either generalized ones that collateralize all assets of the business — known as blanket liens — or they can be attached to specific assets, such as a building or piece of equipment.

Some issue blanket liens to collateralize their larger lines of credit, too.

UCC blanket liens: This lien gives a creditor a security interest in all assets of the borrower.

Not only does Credibly not require any collateral or blanket liens for loans of $ 100,000 or less, but the lender requires applicants have a personal credit score of 500 to be eligible for its working capital loans.

And just in case the bills don't get paid, factors may also insist on a blanket lien on whatever hard assets a company does have.

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

SnapCap does not require collateral, but it will file a blanket lien on business assets.

However, in addition to this, they also take a blanket lien on all of the business's assets.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

Most traditional lenders, and even many alternative lenders, require collateral or a blanket lien on business assets from small business owners applying for a loan.

UCC - 1 filings can either be filed for specific assets — such as a commercial property or piece of equipment — or as a blanket lien covering all of the borrower's assets.

The company does not file a blanket lien on your business assets or require a personal guarantee when you take out a loan, which is uncommon.

In addition to these requirements, OnDeck does require borrowers personally guarantee the loan, and OnDeck will file a blanket lien against the business, but there are no specific collateral requirements.

Lenders typically won't offer additional credit to a small company with a blanket lien until the lien is removed.

UCC - 1 filings can either be filed for specific assets — such as a commercial property or piece of equipment — or as a blanket lien covering all of the borrower's assets.

Borrowers facing this problem can attempt to get a carveout on the blanket lien, but these are relatively rare.

Blanket liens are preferred by lenders because they are secured by multiple assets and are therefore less risky.

SnapCap does not require collateral, but it will file a blanket lien on business assets.

In some cases, a blanket lien might carve out some assets that will be exempt from the lien.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

We caution that borrowers who intend to borrow more than $ 250,000 will be subject to a UCC - 1 filing, which is a blanket lien over their business's assets.

Most traditional lenders, and even many alternative lenders, require collateral or a blanket lien on business assets from small business owners applying for a loan.

Once borrow more than $ 100,000, it requires a blanket lien on your business assets.

A blanket lien on your business assets means the lenders can go after your business assets if the loan becomes delinquent.

Blanket liens are preferred by lenders because multiple assets can be used to satisfy the loan, and these liens might be accompanied by better loan terms and a higher loan - to - value ratio.

Support ongoing operational expenses with a line of credit typically secured by a blanket lien on your assets or a certificate of deposit.

Support ongoing operational expenses with a line of credit secured by a certificate of deposit or a blanket lien on your assets.

In addition to these requirements, OnDeck does require borrowers personally guarantee the loan, and OnDeck will file a blanket lien against the business, but there are no specific collateral requirements.

Since equipment loans are normally secured by the equipment you're purchasing or a blanket lien, lenders may be more forgiving with their credit requirements.

The company does not file a blanket lien on your business assets or require a personal guarantee when you take out a loan, which is uncommon.