Where there is an asset used as collateral to secure a loan. If borrower doesn’t repay the debt according to the terms, the lender can take the asset from the debtor. The assets usually used are cars, equipment or homes.
« Back to Glossary Index
Fundkite is a game changing institution dedicated to helping small businesses reach their maximum potential.
1-877-502-5003
1. Our products are purchases of account receivables and are not business loans.
2. FundKite can approve you in as little as 2 business hours for up to $2,000,000 when we are able to obtain your business data and verify your bank account.
3. Once final approval is made funds will be available in your account within 24 hours.
The information provided through FundKite does not constitute legal, tax, financial or accounting advice, and should not be considered a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business.
support@fundkite.com
partnerships@fundkite.com
media@fundkite.com
Copyright © 2020 AKF, Inc. DBA FundKite All rights reserved.
