Collateral is the security pledged by a borrower to protect the interests of the lender; in case of default, the lender may take ownership of the security, if any, pledged by the borrower.
At DreamSpring, we’re dedicated to helping our clients make informed financial decisions. Incorporating collateral into your financial strategy can make all the difference, helping to bridge the gap between your business dreams and reality. By recognizing the role and value of collateral, you can make the most of your financial opportunities.
Learn more about collateral on our Business Resource Blog.
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