← 5 Tips on How to Secure a Small Business Loan

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By Anslem Samuel | Published December 6, 2011 | Full size is 620 × 480 pixels

Collateral, or some other way to repay. The c-word isn’t something many small business owners want to hear from a banker, but according to Dillon, it can come into play right behind cash flow in terms of importance. This is even truer as banks continue to try to mitigate risk as much as possible. “We need to have a secondary source of repayment behind the operating cash flows of the business,” he says. That can be hard to find these days. We’re actively seeking out clients that have a need for lines of credit, utilizing the SBA product where we hadn’t been doing that previously because the product’s become much more attractive and that helps mitigate some of the collateral concern so that we don’t necessarily have to have 100 percent collateralized loan.”

Collateral, or some other way to repay.

The c-word isn’t something many small business owners want…

(Image: ThinkStock)

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