The Role of Collateral in Secured Business Loans
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Lender's Safety
Collateral makes lenders feel secure about lending.
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Easy Approval
It helps businesses get loans approved, especially if their credit history isn't very strong.
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More Money, Less Interest
Collateral means more borrowing and lower interest rates.
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Collaterals
Valuable things like property, equipment, or inventory can be used as collateral.
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Backup Promise
Collateral is a valuable backup for repaying loans.
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