Sentences with phrase «collateral for the loan if»

A lender will not be able to place their own lien on the car as collateral for the loan if a lien is in place.

Jewellery, coin or stamp collections, antiques and other heirlooms can only be used as collateral for a loan if they have an authentic, verifiable appraisal certificate to accompany them.

Coin or stamp collections, jewellery, antiques and other heirlooms can only be used as collateral for a loan if they have been authenticated and valued with a verifiable appraisal certificate.

Not exact matches

SBA loans allow banks to approve a loan with less collateral or a lower down payment (if cash flow supports repayment), offer a borrower a longer term to repay resulting in lower payments that fit the business» cash flow, or in some cases, underwrite the company's projections for repayment.

With that in mind, if you have a healthy business, but aren't sure about the value of specific collateral, consider applying for an OnDeck loan.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

Unfortunately, this makes if difficult for an otherwise healthy and profitable business to qualify for a loan because they lack what a traditional lender would consider appropriate collateral.

Making it possible for a healthy business, even if they don't have specific assets that could be used as collateral, to secure a business loan.

The Small Business Administration's 7 (a) loan program, for example, «requires that if there is collateral available to make a fully secured loan, the bank lender has an obligation to get it as collateral,» said Steven J. Smits, associate administrator for the office of capital access at the S.B.A..

The broker has total control over the collateral for the loan, including the ability to step in and force you to sell stock if it thinks you're in danger of defaulting on its loan.

Even if you incorporate, most financial institutions will still require a new business to pledge business or personal assets as collateral for your business loans.

For example, if you can't pay back a secured loan on time, a lender can seize the collateral, such as your car or home.

Personal loans are unsecured debt, meaning there's no collateral for the bank to collect if you default on the loan.

Real estate and owned businesses have a similar challenge, although they make for more reliable collateral sources if you need to take a loan in an emergency.

So if a business owner takes out a loan for a new building, the loan agreement might state that their car and house can be used for collateral if they fail to make payments.

Inspection fees, if any, are the «Buyer's» sole responsibility.Title Information: Vehicle titles may be held by banks or lenders as collateral for loans.

Both loan programs require applicants to personally guarantee the loan — that is, to be personally responsible for repaying it if the business can't — and to put up some sort of collateral.

The maximum term for a bridge loan is 45 days (or 120 days upon exception if RMG secures a collateral bridge loan by way of a second mortgage).

If you put up your household goods as collateral for a loan (other than a loan to purchase the goods), you can usually keep your property without making any more payments on that debt.

Unsecured loans are not secured by collateral, and lenders have a more difficult time recouping their losses for these loans if a borrower defaults.

But when bad credit ratings are part of the equation, it is normal for applicants to wonder if they can actually get loan approval without collateral.

While those aren't the only conditions for how much you will receive for your car title loan, but this is something to consider, especially if you have multiple vehicles you could use as collateral.

While LoanMart may run a quick credit check just to see if a few minor details, the basis for your title loan is around the equity or worth of your vehicle and your title as collateral.

If you have savings that you can put up for collateral, you can take out a secured credit - builder loan.

If you choose to put up collateral for your loan, understand that you will lose your property if you defaulIf you choose to put up collateral for your loan, understand that you will lose your property if you defaulif you default.

Also, if you use your house as collateral for the loan and then default on the loan, you could lose your home.

Since there are no checks or qualifications, life insurance collateral loans can be a great solution if you need money quickly, such as for an emergency medical expense.

The risk is higher for the lender if you get an unsecure loan (meaning you have no collateral).

Of course, getting approval on a personal loan for bad credit is not guaranteed by good intentions, and if the size of the loan is large, then it may be necessary to provide some kind of collateral.

If you have assets like equity in your home, car, or even savings account that lender may use as collateral, you can apply for secured personal loans online.

If you're looking for unsecured personal loans online that have a fast & easy no fee application and require no collateral to get approved you are in the right place to get a loan.

You want to leave enough for your beneficiaries to continue paying off your loans, especially if those loans are secured by collateral your dependents need to continue using.

For each item included in the «Notes Payable to Banks and Others» line of the Liabilities section — credit card debt, personal loans and lines of credit, cash advances, student loans, car loans, payday loans, etc. — enter the name and address of the creditor, lender, or noteholder, as well as the original balance — $ 0 for credit cards — current balance, payment amount — you can enter «varies» for credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collateraFor each item included in the «Notes Payable to Banks and Others» line of the Liabilities section — credit card debt, personal loans and lines of credit, cash advances, student loans, car loans, payday loans, etc. — enter the name and address of the creditor, lender, or noteholder, as well as the original balance — $ 0 for credit cards — current balance, payment amount — you can enter «varies» for credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collaterafor credit cards — current balance, payment amount — you can enter «varies» for credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collaterafor credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collateral).

If you fall behind, or worse, enter default on the loan, you will lose whatever property you put up for collateral.

If you are looking for a short - term loan with no collateral as security for it you may have a dilemma.

Finally, without the need for collateral, there's no obligation to secure your loan, so even if you were late or delinquent with your payments, your lender can't touch your car.

If you can provide collateral, you will be able to get much better terms on your loan and you should search for lenders dealing with home loans, refinance home loans and home equity loans.

(in this case if you were to borrow $ 60,000 for surgery, the bank would require $ 100,000 worth of collateral to protect their interest in the loan.)

It is important to note that your assets guarantee your debt even if you do not use them as collateral for the loans and lines of credit you take.

If you aren't exactly sporting a winning credit score you could still qualify for a secured loan by using something you own as collateral.

You can get better interest rates on your Christmas loan if you apply for it with collateral.

If you don't want to put up collateral to get a loan, small business credit cards are a good source of startup funding, as you'll be able to build your personal credit and get rewards for purchases.

When applying for a bankruptcy loan, if you can provide collateral, your chances of getting approved will increase considerably.

CON (reasons for not signing) • If you default on the loan, you'll lose the collateral PLUS you can be sued for a deficiency if the collateral is worth less than the balance on the loaIf you default on the loan, you'll lose the collateral PLUS you can be sued for a deficiency if the collateral is worth less than the balance on the loaif the collateral is worth less than the balance on the loan.

As a general rule, unsecured debt is wiped out by filing bankruptcy, whereas previous obligations to pay secured debts will remain if you retain the property that serves as collateral for the loan.

If you have no collateral, no well - established banking relationship and are virtually guaranteed to be able to pay off the loan in full when it is due then a short - term loan is still a viable option for some consumers in emergency situations.

The loan that you use your home as collateral for is the one you should take into account if the remodeling project is a huge one, over $ 50,000.

If you default on such a loan, the lender can take the collateral so such loans can be risky for borrowers.

If you have borrowed money from a bank, the bank may ask you for collateral as a way of securing the loan.

Chapter 7 Bankruptcy will discharge personal, unsecured loans if they are for credit extensions which were based on the creditor's evaluation of the debtor's ability to pay and there is no collateral which can be seized by the creditor if the debtor defaults on the loan due to their inability to pay.