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If the banks gave cheap credit to businesses without any collateral or any real liability, they would quickly go out of business because of people taking advant
by badpun 2y ago
If the banks gave cheap credit to businesses without any collateral or any real liability, they would quickly go out of business because of people taking advantage of them. Credit without collateral is available (e.g. credit cards), but it’s not cheap, and it’s limited in size.
- fransje26 2y agoWe are not talking about consumer loans for financially illiterate pigeons ready to be plucked. As stated, we are talking about established, multi-generational businesses with high-end equipment already in use, that would more than cover the necessary collateral by orders of magnitude.