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If the mortgage was in default, the bank may seize the asset and liquidate it to attempt to get many of the principal back so they would not must take a loss on the cash that was owed to them. In a time when people are discovering it arduous to make ends meet, companies are falling by the wayside. Traditionally, money was borrowed from banks and the bank made their profit on the interest that was paid by the borrower for the privilege of working with them. With money for operations arduous to come back by, many companies are in search of alternate sources of business loans that weren't available as readily just a few years ago. Credit score scores needed to be excessive for business house owners to get the money they wanted for the whole lot from payroll to stock and collateral was often required to secure the mortgage. This collateral was used to mitigate threat.
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