What Is Better For a Business: Secured or Unsecured Loan?
November 20, 2017 by Guest Writer -
Having your own business provides you with enough freedom, flexibility and opportunities to explore and develop a business concept. While it is exciting, starting your own business can be expensive too; that’s why entrepreneurs often ask the question, “which is better: secured or unsecured loan?” Both loans can meet your business needs. The only major difference is that, when you failed to pay your secured loans, you may lose the asset that you secured it with, while you may only have to pay penalties if you fail to pay your unsecured loans. Consider these two factors when choosing between secured […]
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A stop to lending to foreign borrowers
June 16, 2016 by Business Loans -
There has been a concerning situation for the real estate markets, since banks have stopped lending money to foreign borrowers. Other lenders and brokers are advised to do the same and stop loans to this kind of borrowers because this could be a trigger for an economic downturn. Changes to Lending Why is this happening? Recently, one of the largest banks in Australia, Bendigo and Adelaide Bank, told mortgage managers to stop lending to foreign borrowers. Moreover, this institute also warned them about the foreign-sourced income. All this is happening due to the growing worries about money laundering and fraud. […]
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