Question
You decide to give up selling Hot Dgs and get a job in cmmercial lending for the bank instead. One day, Batman comes in to
You decide to give up selling Hot Dgs and get a job in cmmercial lending for the bank instead. One day, Batman comes in to ask for a $250,000 lan for his new business selling lemnade and ice-cream. He wants the money to buy a fleet of electric mobile refrigeration carts made by Tesla.
You remember from your commercial law class that you need to get security for the loan. You knw that he wns a house but that is unrelated t his business. You also know that he is recently married, but he tells you that his spouse has nothing to do with the business.
Name 4 different types of security you shuld get from him in order to protect the Bank's interest ( a bulletpoint list is fine). Which is the most important and why?
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