Since the economic downturn of the last few years, lenders know almost better than anyone that they need to do the necessary due diligence before giving a loan to a business. Even in today’s tight economic environment, lenders backed by the SBA are lending money, but they are increasingly more cautious. They are conducting more […]
A recent Wall Street Journal article, “Firms with Collateral Gain an Edge,” suggests that even in the current economic environment, banks are lending; however, they are more likely to lend to businesses that have tangible collateral. According to the article, companies with tangible assets such as machinery and equipment or property are “getting a first […]
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