According to Merriam-Webster, “collateral” is defined as “property (such as securities) pledged by a borrower to protect the interests of the lender”. Do you own a home, a company vehicle, equipment or inventory? As a business owner, these examples of…
Business owners all over Canada strive for a common goal. That is to make their companies as successful as possible. It goes without saying that it takes money to make money. So, it’s somewhat of a tradition for business owners…
There isn’t a business owner alive who doesn’t want to grow his/her business. However, as the old adage continually reminds us, it takes money to make money. Because of this, many entrepreneurs take the traditional route of going to the…
Is there anything of value that you own, that we can take, if you don’t pay us back? Now, we’re not saying that this is exactly the way in which bank loan officers formulate this question. But for the many…
If you’ve ever entered a bank in an effort to secure a loan for your business, you are likely all too familiar with the terms “credit check” and “collateral”. In a blog from last week, we listed a number of…
You’ve come a long way since you first opened your business. And no one knows better than you just how much hard work went into making your company a success. But, of course, like all business owners, you feel you…