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Unworkable Loan Pre-requisites Stiffle Loans Leveraged Against Valuables - Upfront fees do not guarantee that the high value item will be approved for the loan against a leveraged asset leaving the due diligence fee in a black hole
Unworkable Loan Pre-requisites Stiffle Loans Leveraged Against Valuables

 

NewswireToday - /newswire/ - Las Vegas, NV, United States, 2006/12/18 - Upfront fees do not guarantee that the high value item will be approved for the loan against a leveraged asset leaving the due diligence fee in a black hole.

   
 
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In a world where there is a market for everyone and for everything discerning individuals, company executives and entrepreneurs in need of a fast cash influx to fund their company growth, expansion, or purchase. The idea of borrowing against a high net worth asset is as natural as the history of borrowing against one's property which goes as far back as 2000 years in China. An expensive source of money, but with few-questions-asked.

Faced by unworkable obstacles placed by finance institutions who typically charge upfront fees, also labeled as due diligence fees as a requisite to review the loan. For an owner who is fortunate enough to own such high value items this is a slap in the face as he is aware that he does for instance not get charged such a fee for walking into a pawn shop to pawn his laptop for quick cash. Savyy owners of high value items understand that in most cases these types of loans, hard money loans as they are typically referred to leveraged by high value items do not receive approval for loan closing even though the high value items are very well represented, documented for their monetary worth and distinguished history of previous owners.

Pawning around the world is possible as national leaders support underground lending for the private sector. As an example fast growing small and medium firms in China where once trapped entrepreneurs coped with lengthy bank waiting periods are fueling an economic boom accounting for 75 percent of jobs in China and 60 percent of gross domestic product. One such case involved a textile company in a cash crunch a $125,000 loan was granted to provide the company operating cash flow to overcome it. When asked about the loan process the proprietor stated that he was very please about receiving the loan as it took several days instead of months to receive it and banks turn you down if you need to borrow less that a specific amount. Many small to medium companies look to pawning as they face obstacles from banks.

 
 
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Unworkable Loan Pre-requisites Stiffle Loans Leveraged Against Valuables

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