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As soon as you’ve narrowed down the list of lenders, make sure you understand their requirements before applying. For example, most lenders require collateral to safe the mortgage. Collateral is an asset that what you are promoting owns. Typical collateral includes stock, equipment, accounts receivable, and different enterprise assets that have a price which is easily calculated. Perceive collateral minimums, and any other loan necessities, early in the method. Give yourself time to find out what dangers you are keen to take to safe your mortgage.