To the extent that worthwhile assets are available, adequate collateral is required as security on all SBA loans.
Many of those loans were made without adequate collateral, regulators said.
The officials, who spoke only on the condition that they not be identified, insisted that the deposits were secured by adequate collateral.
He said the bank apparently had second thoughts on loaning money to a campaign that did not have adequate collateral.
A senior Treasury official said all loans to depositories were safe because they were protected by adequate collateral, which could be liquidated in the event of a failure.
But it is the loans to the private companies, several of which lack adequate collateral, that are the most immediate threat to the publishing empire.
Appraisals provide vital market information, helping assure safe underwriting practices and that adequate collateral stands behind each loan.
His son was now thirty-seven and unofficially deemed "untrainable" by the current system, which would not even offer a regular, high-interest personal loan because his father lacked adequate collateral.
She immediately dispatched an employee to the Provident with what she considered adequate collateral for a $50,000 loan.
Their loan application sends the message that the company is professional, with an honest reputation, a good credit history, reasonable financial statements, good capitalization and adequate collateral.