Question: While Threadless initially relied on crowdsourcing as a way to secure funding to expand the business, it might have elected instead to obtain a loan.

While Threadless initially relied on crowdsourcing as a way to secure funding to expand the business, it might have elected instead to obtain a loan. Which type of loan requires that the borrower pledge an asset, such as personal property, that will be forfeited if the loan is not repaid?

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