Sentences with phrase «sufficient collateral for the loan»

Review the appraisal to confirm the market value and determine if the property represents sufficient collateral for the loan

Not exact matches

Alaska USA offers a range of SBA supported loan programs in Alaska and Washington that offer longer loan terms and assistance in situations where a borrower may not have a great deal of working capital or sufficient collateral to qualify for a conventional business loan.

Remember, a lender wants to know that you can pay back your loan, and if for some reason you can't, the lender wants to make sure that the collateral is sufficient to cover the outstanding balance.

In other words, if the rest of your application looks good, but you don't have adequate collateral, your application for a 7 (a) loan won't immediately be rejected because you don't have sufficient collateral — but they will likely want to secure the loan with all the collateral you do have available.

v) Lenders: Argo has $ 23.6 million of net cash & fund investments, and overall net tangible assets of $ 28.5 M — which should provide sufficient collateral for (say) a $ 10 - 14 million loan, at a reasonable interest rate.

Financial Manager — Duties & Responsibilities Oversee multiple automotive corporate client portfolios, conduct risk analysis, and perform audits Direct corporate loan process and ensure that client collateral is sufficient in cases of default Investigate client credit rating and determine worthiness of consumer credit applications Recruit, train, and manage team of auditors and financial advisors ensuring professional operations Responsible for department budgets, project timelines, and team workflow Perform reviews to determine appropriate employee compensation, recognition, and disciplinary action Serve as a liaison between bank and clients, partners, outside vendors, and community leaders Present reports regarding audit findings, market trends, and client financial health to senior leadership Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study industry literature to become an expert on products and services Direct sales operations for 35 + car and recreational vehicle dealerships throughout New England Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Represent company brand with positivity, professionalism, and dedication Consistently recognized and promoted for excellence in management, service, and performance

They require impeccable credit history as well as more - than - sufficient collateral in order to successfully underwrite their loans, making it somewhat out of reach for the average borrower.

So, you think that if the FMV of the collateral on the loan drops that is a sufficient resaon for a bank or any lender to bail out and take a loss?