Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the security or collateral requirements for a City economic develop loan?

city collateral develop Economic loan requirements security
0
Posted

What are the security or collateral requirements for a City economic develop loan?

0 CommentsAdd a Comment

1 Answer

0

The business owner and/or majority stockholder(s) must provide a personal guaranty in the amount of the loan. Business hazard insurance is required in the amount of the loan with the City of Cleveland named as a loss payee.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123