Sentences with phrase «general lien»

Lastly, the grantor / grantee index is searched for general liens associated with the record owner that attach to all assets, such as abstract of judgments or lawsuits (lis Pendens).

A general lien on business assets + a personal guarantee

When a business accepts a loan from OnDeck, a general lien is placed on business assets until the loan has been paid in full.

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

Some lenders, including many online lenders, don't require specific collateral, but rather require a general lien on your business assets (without valuing those business assets) and a personal guarantee to secure the loan.

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

When a small business takes a term loan from OnDeck, a general lien is placed on the business's assets until the loan has been paid off (additionally OnDeck lines of credit are not collateralized with specific assets either).

We do not require a specific type of collateral, but do require a general lien on business assets along with a personal guarantee to secure an OnDeck loan.

Many lenders today don't require specific forms or types of collateral, but will rather apply a general lien on business assets and a personal guarantee to secure the loan — making it possible for many businesses without specific types of collateral to qualify.

They loans are secured by a general lien on the assets of the business and backed by a personal guarantee.

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).

Most online lenders don't require specific collateral to secure a loan (though may place a general lien on corporate assets)

2 Unsecured Business Line of Credit — This type of LOC does not require specified assets as collateral — however a general lien and personal guarantee will likely be required.

Both Credibly and QuarterSpot don't have specific collateral requirements for their loans, and in general, neither company will even file a general lien (UCC - 1) against your business unless the loan is sufficiently large.

Many lenders today don't require specific forms or types of collateral, but will rather apply a general lien on business assets and a personal guarantee to secure the loan — making it possible for many businesses without specific types of collateral to qualify.

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

Most online lenders don't require specific collateral to secure a loan (though may place a general lien on corporate assets)

We do not require a specific type of collateral, but do require a general lien on business assets along with a personal guarantee to secure an OnDeck loan.

If you've received a loan offer, look for lender stipulations in the contract, such as whether you'll be required to have inspections, you or your spouse must personally guarantee the loan, or there will be a general lien on business assets.

A lien that binds a specified piece of property, unlike a general lien, which is levied against all one's assets.

2 Unsecured Business Line of Credit — This type of LOC does not require specified assets as collateral — however a general lien and personal guarantee will likely be required.

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).

The company requires a general lien on business assets (UCC - 1 filing) and a personal guarantee, which makes the loan more secure for the lender but can be riskier for borrowers.

However, rather than requiring a specific value of collateral, OnDeck loans are secured by a general lien on the assets of the business and backed by a personal guarantee.

After a judgment has been entered and recorded with the county recorder, it usually becomes a general lien on the homeowner's property.

Some lenders, including many online lenders, don't require specific collateral, but rather require a general lien on your business assets (without valuing those business assets) and a personal guarantee to secure the loan.

g) The assets in your Accounts will be subject to a general lien and security interest in our favor for the discharge of your indebtedness and other obligations to us, without regard to our having made any advances in connection with such assets and without regard to the number of accounts you may have with us, whether carried individually or jointly with others.

For higher loan amounts, collateral is usually provided by a general lien on the business, as well as personal guarantees from the owners of the business.

A general lien is a lender's right to keep your business assets in the event you're unable to repay the loan.

You may also often see a general lien requirement.

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).