Lien, Pledge, Hypothecation and Mortgage are the four main modes of creating security....

A secured loan is a loan in which there is physical collateral, meaning there is a physical item of worth that can be taken by the bank if the loan is not paid. Examples of this include a car loan or mortgage (house loan); the car or house are the collateral and therefore are the 'security' that the bank will not lose money on the loan.

An unsecured loan is a loan in which there is no physical collateral, meaning there is no item of worth the bank can take if the loan is not paid. Examples of this include credit card debt or a student loan; in these cases, if the loan isn't paid the bank has to use a collections agency to try to get the money back.

A felon is sadly a felon, BUT! when all your rights are restored, depending on the type of felony an individual has, can be the deciding point of whether one is eligible or not. If a drug related felony is the case, a Certificate of rehabilitation will help you out to get into court and have that put on your record, because those charges aren't eligible for reducement to misdemeanors, or to be expunged.

Sun Trust Banks and Equitable Securities merged

The SBA provides financial assistance in the form of loan guarantees, rather than direct loans, through specialized programs that help entrepreneurs attain the appropriate financial position to initiate their business

Yes, the debenture of Icore-e-services ltd is fully secured....subhendu, Alipurduar

Quid Corp is a shelf corporation that is legally registered under a man name David Brida, it really is owned by two business partners, Robert Fusco and Cody Christianson.

Quid Corp opened it's doors at 9089 S. Pecos Suite 3600 on 1/26/2010 as clark county records will show that is when they FIRST obtained their business license. There is NO previous business license history in the state of Nevada.

Quid Corp has not been in business for 10 years, they have only been in business since January 2010 when they got their consultant service business license.

Please google quid corp scam for more information and read some of the verifiable information on this company. If you have been a victim of fraud from this company, demand a refund and contact the authorities.

own a news paper

The best way for a small business to get a loan is to go to their current commercial bank (the bank holding the savings and checking accounts for the business) and discuss the needs with their agent/representative.

Because there are many types of loans, the representative helps clarify business requirements in order to get the correct type of loan for the business.

In general, a small business will need the following information in order to get a loan:

* Business plan with financials (income, balance sheet, cash flows) for next three (3) years

* Historical financials (income, balance sheet, cash flows) for recent three (3) years, if available

* Clear indication as to what the funds will be used for

* Collateral (if available and relevant)

* References (to help support the character of the borrowing company)

* Personal guarantee (sometimes)

free enterprise

Yes.

A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit.

However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process.

As an aside, payday and auto title loans are not considered secured loans.

Yes, one may use a home equity loan for a down payment on a Small Business Association loan, however, prior to doing so one needs to be sure that the change in leverage does not impact the structure of the SBA deal.

For example, the SBA may have approved the business for a certain amount of money based on both the cash flow profile of the business and the ability of the principal to pay back the loan (through existing assets like home equity). If the home equity loan changes the relative amount of perceived protection that the proposed structure has, one may (1) lose the loan or (2) have to settle for less.

instead of typing "Whats a" type in "what is a" because my answer is on there x

It depends what kind of bankruptcy you are talking about. Most individuals file for chapter 7, so I'll assume you are talking about Ch 7. In the vast majority of those cases, the SBA loan is discharged along with all the other unsecured debt.

Many people confuse SBA loans with federally backed student loan debt, and they are not the same. SBA debt is treated just like any other debt in a bankruptcy. The unique feature about SBA debt is that they have a settlement process (known as the Offer In Compromise) that allows borrowers to settle their debt without resorting to bankruptcy.

- Distressed Loan Advisors