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What type of collateral is expected to be pledged?

April 26, 2017collateral pledged type

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What type of collateral is expected to be pledged?

1 Answer

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10 Posted

Generally the project assets being financed are used as collateral. Personal guaranties are required from all principal owners of the business (with ownership of 20% or more and officers). Liens on personal assets of the principals may also be required.