Business Loan Agreements
She earned a Bachelor of Arts in English from Vanguard University. A factor rate is how a merchant is repaid in cash or sometimes as a short-term loan. Usually expressed in decimal places, fill in the factor rates on the total amount you have to repay. For example, if your loan is $100,000 and your factor rate is 1.18, you pay back a total of $118,000. To obtain a secured business loan, the borrower must hold collateralColllateral is an asset or property that a natural or legal person offers to a lender as collateral for a loan. . . .