The loan qualification pre-requisites of an asset reconstruction company
When you hear the words financing and lending, anybody who isn’t the neighborhood investment banker is bound to scratch his head in confusion. To a layman, the two words may mean the same. But there is definitely a glaring difference between the two terms in question. Let’s break down each of these terms to their bare essentials in order to grasp the concepts as well as the difference Two types of loans are exigent: Secured loan- A loan which is acquired based on the credibility and value of the asset, pledged as collateral and not based on the company in question Unsecured loan- Loan that is provided without specific collateral but the financing company can stake a general claim on the company’s assets on failure of payment. The very base of asset financing is providing money or giving a loan based on pre-requisites. The said pre-requisites include acquiring the balance sheet of a company that will comprise of: The short term investments The inve