The lack of sufficient hard collateral has long blocked small and medium enterprises (SMEs) in Sri Lanka from accessing ...

Deputy Finance Minister Dr. Harshana Suriyapperuma yesterday pledged the Government’s continued support to empower micro, ...

Marking a significant milestone in Sri Lanka’s financial and entrepreneurial development, the National Credit Guarantee Institution Limited (NCGIL) was launched in ...

SME owners in Lae and across Morobe are encouraged to utilise the Morobe Provincial Government Guarantee Credit Scheme in ...

Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral.

Illiquid assets are generally not acceptable as collateral. There are several different kinds of bank guarantees, including: Bank guarantees are often part of arrangements between a small firm and ...

Under a personal guarantee, the guarantor’s assets may be used as collateral to secure repayment of the loan. This means if your business defaults on its loan, your lender can come after your ...

No-collateral loans are offered by a variety of lenders, but loan terms and approval requirements can be very different. SBA 7(a) Loans The Small Business Administration (SBA) guarantees loans for ...

Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.