Glossary of Lending Terms - M N

The rate of interest a company must pay to borrow funds or loans currently. Program-related investments generally are offered at below market rates or at no interest rate.
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Statements of actions or events of the borrower must prevent from occurring or existing, for example, additional borrowing without the lender's consent.
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Current assets minus current liabilities.
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Total assets minus total liabilities. Aggregate net value of the organization.
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No collateral personal loans are also knows as unsecured personal loans and are available for individuals with good credit. Generally no collateral personal loans require just a signature to receive your loan.
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Companies applying for a no collateral small business loan generally only need to fill out the small business loan application and the money will be granted to the company with no assets needed to back up the loan.
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Incapable of being assigned to another party; a credit card holder cannot give someone else the privilege of using his or her card.
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