ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The personal possessions that can generally be used as collateral when applying for a loan at a commercial bank are:
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Apparel
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Motor vehicle
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Furniture
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Property
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Explanation:
Detailed explanation-1: -Business collateral is property or other assets that a business can use to secure a loan. If the business fails to repay a loan secured by collateral, the lender can seize that collateral and sell it to try to get their money back. Most business loans require some sort of collateral to qualify.
Detailed explanation-2: -Private vehicles. Commercial and residential property. Machinery and equipment. Investments such as fixed deposits, bonds, mutual funds, shares, ESOPs. Insurance policies. Valuables and collectables. Future payments from customers (receivables)
There is 1 question to complete.