1 / 6

Anthony Punzone - What are the different types of secured loans?

Anthony Punzone who has expertise in secured financing has depicted different types of secured loans.You must put your home or real estate property on the line to obtain a mortgage, and you do not want to lose your home. <br>

anthonypunzone
Download Presentation

Anthony Punzone - What are the different types of secured loans?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What are the different types of secured loans? Anthony Punzone

  2.  Mortgage / Loan Against Property You must put your home or real estate property on the line to obtain a mortgage, and you do not want to lose your home. Insecurity may be a great motivation at times! Similarly, when you take out a car or equipment loan, the item you're buying becomes the collateral.

  3. Temporary Loan It must be repaid in installments over some time, with interest rates fluctuating. Discounting of bills and invoices What happens if your customers don't pay on time? It may prevent you from accepting new orders. To get around this, companies use to bill or invoice discounting services. It is a loan made against money that is expected to arrive shortly in exchange for a charge.

  4. Finance for Supply Chains This is a method of maximizing cash flow. As soon as the buyer agrees to buy it, the supplier sells his invoices to a bank at a discount. The bank is now dealing with the buyer, who is given extra time while the supplier receives the funds fast.

  5. Loan of Equipment Machinery loans are typically given to small and medium businesses for the acquisition of new machinery that is required for the efficient operation of their firm. It can be used to maintain or repair existing machinery as well. Loan for a New or Used Car Because the car is the collateral, the lender evaluates it and makes a loan offer appropriately. The borrower can then make monthly payments. Down payment may be required in some instances. The bank has the authority to repossess the car if the payments are not made on time.

  6. Thanks For Watching Source : https://anthonypunzone.wordpress.com/2022/05/11/anthony-punzone-what-are-the-different-types-of-secured-loans/

More Related