Secured Transactions For Lenders

As a lender, you want to avoid losing money on a transaction if a debtor defaults on the loan. Through a secured transaction, you can repossess the property used to secure a loan and sell the property to recoup your losses. However, a debtor could still get the...

Before deciding to extend a credit line to a business, it is important to find out if the potential borrower is on solid financial footing. Sometimes lenders discover that a company is not capable of paying back money only after approving a loan or credit. According...

As a lender, you want as much assurance as possible that borrowers will pay back their loans. One way to do this is to have the borrower sign a security agreement. This contract outlines the details of a secured transaction and protects the lender. Purpose of secured...