Does Collateral Have To Equal Loan Amount?

Does Collateral Have To Equal Loan Amount?

Yes, the collateral has to be more or at least equal to the loan amount of the collateral business loan amount. Get an appraiser to judge the value of the collateral you want to pledge – your house property, land or equipment. Before you apply for the secured business loan online, contact our customer care representative to help you understand the loan amount you can apply for basis the value of your collateral.