If you’re a small business owner, you might want a loan to help finance your company. Securing a business loan is not easy. You might need to offer collateral to get the loan application approved. What is collateral?
What is collateral?
Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. If the borrower fails to pay the loan, the lender has the right to take the asset used ascollateral. Loans that are backed by collateral are secured business loans.
In general, collateral loans have lower interest rates than unsecured loans. The risk of default taken on by the lender is also lower with secured business loans. And, the borrower is more likely to repay the loan if they know they could lose their collateral.
无担保贷款抵押品不使用。一个例子of unsecured lending is abusiness credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
在某些情况下，借款人的信誉良好，抵押品是不必要的。借款人的个人担保，收入和信用记录足以获得贷款。
您的贷款协议中没有任何抵押品很少。通常，贷方将要求您提供抵押品。贷款人更喜欢抵押品的一个重要原因是它们可以留下财产。当资产注册为抵押品时，会产生留置权。但是，直到贷方表明借款人已拖欠债务之前，它才生效。
Examples of collateral
You can use many kinds of property as collateral for a business loan. Remember, if you don’t make the loan payments, the lender has the right to your property.
The business collateral can be a tangible or intangible asset.Tangible assetsare physical items that can be seen and touched. Here are some examples of tangible assets you could use as tangible collateral:
- Buildings
- Land
- 设备
- Inventory
- Vehicles
Intangible assetsare items of value that you cannot see or touch. Some examples of intangible assets include:
- Investment funding
- Payment rights
- Copyrights andsmall business trademarks
- Accounts receivable
Many businesses pledge theiraccounts receivableas business collateral. Accounts receivable lists the money owed to your business for the products and services you provide.
What is the purpose of collateral?
What is the purpose of collateral, and why do lenders require collateral assets in the first place?
Secondary security
如果借款人无法支付，抵押品将作为贷方的保险。抵押品也是借款人履行其付款义务的动力。尽管抵押品可以帮助您获得申请批准，但这还不足以获得贷款。那是因为抵押是抵押贷款的次要付款来源。
The lender’s primary security is the signature of the borrower on a loan agreement. This signature states that the borrower will pay a specific amount over a period at regular intervals until the full value of the loan plus interest is paid.
Fair market value
Lenders and borrowers should consider thefair market valueof business collateral. Fair market value is the selling price of an item that both the seller and buyer agree on. An item’s fair market value is different from its book value, which is the value of an item as it is listed in a business’s books.
抵押品的公平市场价值通常高于贷款金额。贷方预计扣押和liquidating business assets. The extra expenses might include a liquidation delay, transportation, or sale fees.
Tips for getting business collateral loans
抵押品只是贷款申请中考虑的一个因素。您进行付款和信用记录的能力也决定了贷款金额。
借助小型企业贷款，管理经验和股权投资也发挥了作用。您需要向贷方展示书籍。保持financial statementsto show loan officers the financial health of your business.
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