5 ms·
It depends upon the loan and it's negotiated. If you start a chain of ice cream parlors and borrow millions to buy and build your stores, likely that loan is se
by valuearb 7y ago
It depends upon the loan and it's negotiated. If you start a chain of ice cream parlors and borrow millions to buy and build your stores, likely that loan is secured only by the store properties themselves.
If it's a general business loan with no physical assets to secure it, you can bet your bippy they'll demand covenants restricting how much other debt you can have and that those covenants survive change of control.