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What is reasonable security?

reasonable security
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What is reasonable security?

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As part of our mandate with Industry Canada/FedDev, the CFDC is required to use due diligence when evaluating and distributing loans. Our due diligence includes ensuring that our loans are fully secured with transferable collateral. This may include, but is not limited to, real estate and life insurance assignment, liens, and personal guarantees. Each loan application is reviewed on an individual basis. Security requirements differ based on the amount of the request, the collateral available, the length of the term and personal credit history.

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