Tag Archives: equipment as collateral

Bank Loan Restrictions – What Can You Do About Them?

why lenders don’t like specific industries or business types

The last few posts were all about bank business loan restrictions, and how harmful they can be to your business operations and financial flexibility. Clauses like blanket liens, compensating balances, and annual requalification are common and written into almost every bank business loan. They may or may not be clearly discussed, and it’s up to the borrower to… Read More »

“Equipment as Collateral” – Not always as good as you think

Equipment As Collateral For Loan

I was asked by a friend about equipment financing and collateral and such, and he remarked “well, your loan is secured by the equipment, right?” And I answered “sometimes”. Which then prompted an explanation (I’m a great conversationalist at the party, aren’t I?) It is true that equipment financing can be similar to automobile financing in terms of… Read More »