Question: When taking out a business loan a lender will often want to secure the loan in the form of an asset. This security is intended

When taking out a business loan a lender will often want to secure the loan in the form of an asset. This security is intended to minimise risk exposure in the event the applicant is unable to repay the loan.

Describe the main types of 'security' that may be required to obtain a small business loan.

(Explain types of security)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Data mining is used by everyone who wants to learn more about their customers or members. It helps people make decisions about what to sell or what to promote. This assignment is to write a program...

e8e345bc1f9cccf29acf1692e019a71e34644f63.docx r Activity 5 When taking out a business loan a lender will often want to secure the loan in the form of an asset. This security is intended to minimise...

C. Collateral Collateral refers to personal property as well as land or interest in land (Real Property) to which a security interest is attached. In this section we focus on personal property rather...

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to...

Information Security Risk Management ITC6315 Assignment 2 Assignment For this exercise, read the provided case study about AcmeHealth, and rate the risk exposure for each finding related to the...

Can anyone help me with this or already have the solution this whole Finance Workbook for Madura Personal Finance, Third Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX Chapter...

I need your help in this. today. will be your client. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

I need an expert for this. please check info for details. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Mazir Coleman had driven a school bus for the Casey County, Kentucky, Board of Education for four years. After that time, Colemans left leg had to be amputated. Coleman was fitted with an artificial...

Context-sensitive nature of cost behavior classifications Kevin Munden sells a newly developed camera, Sharp Vision. He purchases the cameras from the manufacturer for $70 each and rents a store in a...

Find the general antiderivative of f ( x ) = 1 3 x 1 3 x - 2 and check the answer by difforetriating. ( Express numbers in exact form. Use symbolic notation and fractions where seeded. Use C fir the...

Consolidation related simulation example: Millennium Capital Management, Inc., (MCM) acquired a 90% interest in NextGen, Inc. MCM's Financial Manager, Matthew Steven, has prepared a draft memo to the...

Denise Lopez, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic...

A federal agency is developing a system to collect and analyze census data, including personally identifiable information (PII) and sensitive demographic details. The agency must protect individual...

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2020. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...

Use 2018 Form 990 and the 2019 audited financial statements for Feeding America. Although Form 990 Indicates it is for 2018, It Is actually for the period July 1, 2018, to June 30, 2019, the same...

Answer the following question: Explain the Top Ten Risk Item Tracking procedure and outline its benefits. As 700 Word

What is the process of developing a strength/weakness balance sheet?

What can Chandra do to correct her mistake?

What weaknesses do you see in Rajivs performance appraisals? Should HR have the ability to insist that the forms be completed right away? Discuss.