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How Much Collateral Is Needed for a Business Loan

If you’re seeking a business loan, putting up collateral may be a sound decision. With collateral, you can often get better conditions, such as lower interest rates, a larger borrowing amount, or a longer repayment period. But how much will you need? Here are four major elements to consider when seeking an asset-backed loan. 1. Borrowing Amount How much you plan to borrow may be the single most important factor when it comes to determining the collateral needed for small business loans. The purpose of collateral is to ensure that the lender is able to recoup its losses if you …

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