Sentences with phrase «lack of collateral mean»

Tougher terms typically exist, such as lower limits and a higher interest rate, with the lack of collateral meaning that a credit rating is a central factor in gaining approval for unsecured financing.

Generally speaking, there is an expectation that a lack of collateral means the chances of getting a large loan approved is poor.

Not exact matches

Meaning, a lack of sufficient business collateral doesn't necessarily mean you can't get a small business loan.

However, the lack of collateral involved in an unsecured loan means that your interest rate will be higher than if you get a secured loan instead.

Meaning, a lack of sufficient business collateral doesn't necessarily mean you can't get a small business loan.

Note that a lack of collateral, credit history or the inability to secure a loan through a bank doesn't mean that no one will lend you the money.

Similarly, the lack of a timeout protocol will mean that a loan could remain «in limbo» indefinitely, with the collateral unable to be accessed by either party.