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Manage episode 237104106 series 2518941
By Ryan Smith. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The answer to this question is yes and no. The reason why it isn’t black and white is because it largely depends on a few variables. So let me bring some clarity to this question. If you are requesting a working capital loan less than $350,000 then it’s likely tangible personal or real property, or in other words collateral, is not required. However, when the loan amount is higher than $350,000 then collateral is required. The actual amount of collateral varies and is determined by the requested loan amount, the amount of collateral available and purpose of the loan. If you would like more information or to get the application process started today, please visit https://thinksba.com/ready The ThinkFast Podcast is hosted by Ryan Smith, Principal Broker and Founder of ThinkSBA.