How to Correctly Use Collateral to Secure a Business Loan

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Items that make excellent collateral include real estate, cars, business inventory, and even cash savings.

If there’s one aspect of the American dream that seems to appeal to just about everyone, it’s the idea of owning and running your own business. Whether you’ve always dreamed of running an Asian-Italian fusion restaurant downtown, or simply can’t wait to open up that quaint little boutique filled with your own fashion designs, it’s only natural to be excited about someday becoming your own boss.

Knowing that you’re ready to open a small to mid-sized business is one thing, but knowing how to secure the funding you need is another.

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