Why cash is king in securing a small-business loan

07/22/2010 | Wall Street Journal, The

As the value of equipment and property declines, banks are requesting another form of collateral -- often cash -- for small-business loans. One business owner looking to expand recounts banks asking him to use all his business' assets as collateral, sign a personal guarantee and deposit cash in a bank account equal to the amount of the loan, conditions he says he can't afford.

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