Sentences with phrase «on a blanket lien»
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.
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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.
However, in addition to this, they also take a blanket lien on all of the business'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.
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.
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.
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.
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.