Accessing Financing is one of the major challenges faced by many business owners looking to start or expand their operations. In many cases, getting the bank or whichever financial institution to say yes to your request, requires persons to cross a major hurdle, having collateral.
Collateral acts as security for lenders, allowing them to retrieve their money in the event borrowers are unable to repay the loan.
However most borrowers don’t have high value assets to use as collateral, for the kind of loans they need. But there may be a solution.
Discussions are underway to allow businesses to use the value of their intellectual property (IP) such as products, trademarks and other items collateral.
Presented by:
Andrae Palmer
