These days lenders are wary of certain borrowers. There is more of a necessity from the borrower to show that the risk of loss is low. Asset-based lenders have to take steps to evaluate borrowers and reduce the risk of lending, with the ultimate goal being a successful and long lasting relationship between the two. Due diligence is a necessary component for both lender and borrower. Each has responsibilities to protect investments and assets, as well as reputations. No deal is perfect; it all comes down to the deal that best suits the protection of collateral or future investments. Read the entire Secured Lender article here.
