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Why is collateral required?

April 26, 2017collateral

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Why is collateral required?

1 Answer

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Posted

ACE needs to have collateral to secure the loan. This loan is not a grant. If for some reason you can not pay the loan, ACE will need to be repaid. Also, when you are willing to use whatever you believe is of value as collateral, it shows us that you are committed to your business. We want to see that you will believe in yourself and your business enough to take some of the risk as well.