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What kinds of collateral are used to secure the loans?

Currently, Debitum Network recognizes the following types of collateral:

STOCK: The final borrower has put the company's stock as a collateral for the loan.

GUARANTEE: The final borrower has provided a guarantee to repay the loan in full in case of non-repayment. The guarantee can be both from the company or an individual.

PROPERTY: The final borrower has put the company's or personal property (real estate) as a collateral for the loan.

INVENTORY: The borrower has put the borrower's inventory (supplies) as a collateral or the inventory (supplies) are owned by the financier and are released as the debt is paid off.

INVOICE: The final borrower has passed over a single or set of invoices for services rendered or products provided. The invoice is always the basis for factoring loans.

PROMISSORY NOTE: The final borrower has put a promissory note as a collateral for the loan. Promissory note is financial instrument in which one party promises in writing to pay a determinate sum of money to the other party, either at a fixed or determinable future time or on demand of the payee, under specific terms.

INVOICE AND GUARANTEE: The borrower has passed over a single or a set of invoices duly provided to its customer. On top of the invoices, the final borrower has provided a guarantee to repay the loan in full in case of non-repayment. The guarantee can be both from the company or an individual.

PROPERTY AND GUARANTEE: The borrower has put the borrower's property (real estate) as a collateral for the loan. On top of the property, the final borrower has provided a guarantee to repay the loan in full in case of non-repayment. The guarantee can be both from the company or an individual.

INVENTORY AND GUARANTEE: The final borrower has put the company's inventory (supplies) as a collateral or the inventory (supplies) is owned by the financier and it is released as the debt is paid off. On top of inventory (supplies), the borrower has provided a guarantee to repay the loan in full from the borrower, its shareholders or partners. The guarantee can be both from a business or personal.

 

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