Get To Know The Key Differences between Asset-Based Lending and Traditional lending

The most typical type of Asset-Based Lending or “ABL” is made against the business’s accounts receivables. Other assets that can comprise a facility include inventory, capital equipment, and real estate. Because receivables have greater liquidity, they are frequently the largest proportion of collateral for these loans and provide a high advance rate, typically in the…

30-Year Loan? How About 50? Japan Bank Zeal Surprises Loadstar

Loadstar Capital K.K., a Tokyo-based real estate investment firm, asked for a long-term loan to buy an office building. It wasn’t expecting to get money for 50 year. “We had thought a 30-year loan would be about the limit, but negative rates have changed things for banks,” said Tatsushi Iwano, the president of Loadstar and…

Brazil’s lower house passes severance-backed loan plan

Brazil’s lower congressional house passed a plan late on Tuesday to allow workers to use part of their severance benefit as collateral for loans in a bid to rekindle demand for credit in the recession-stricken economy. The measure aims to unleash billions of reais in new so-called payroll deductible loans using severance from the FGTS…

6 Things To Do Before Taking Out A Small Business Loan

Small businesses are the spine of every nation’s economy and hold the largest employment volume in almost every nation of the world. But starting up a small business is a huge financial risk for any entrepreneur to take, especially considering the failure rate of small businesses in today’s business world. However even if your business…

Maharashtra government to provide bank guarantee for addisional loans to farmers

Mumbai: To enable banks to distribute more loans to farmers, the State government has approved a bank guarantee of Rs 2,000 crore, minister for co-operatives Chandrakant Patil announced here on Tuesday. “The decision will enable the district cooperative banks to sanction additional loan to farmers apart from their existing loan,” the minister said and added that…

Indian banks to offer ‘Tomato loans’ for benefit of housewives, will accept cosmetics as collateral

Mumbai: With the recent increase in the cost of tomatoes, Indian banks have realized the demand for tomatoes among Indian housewives and are now offering loans for tomatoes. Housewife applying for Tomato loan Sources say, a tangible collateral security is required to apply for the Tomato loan. Once the loan is approved, the applicant will…

Loan sharks demand nude photos as collateral from students

Private loan companies preying on young borrowers many of whom cannot get credit elsewhere Chinese online loan sharks are targeting university students with demands of nude photographs as collateral for credit and threatening them with exposure if they don’t pay back the cash. Underground private loan companies are preying on young borrowers online, many of…

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