qualify

For instance, a startup may not have any substantial business assets to provide as security to lenders. As a result, the startup would be unqualified for most secured business loans. When evaluating a business, various factors such as business plans and market potential play a pivotal role.

• Make sure you read the loan docs that you sign and know what they mean.
• When a loan is secured by collateral, the asset needs to be appraised to determine its value, but there’s no need for that step when collateral is not involved.
• You should always consider whether the information is applicable