First Step Review

Collateral is the property, cash or other valuables that you will put up as security for the loan. If you fail to meet your loan obligations, the lending institution will probably take possession of the collateral securing the loan to help pay it off. The lender will put a value less than yours on your collateral. To give you a better idea of the value of your collateral, we have calculated the collateral as a lending institution would. You start receiving points when your collateral is worth 40 percent of the loan.

Step One:  List all collateral. Please enter numerical numbers rounded to nearest dollar and omit punctuation, for example: for $100,000.00, please enter 100000. If you place a comma in the numbers, "NaN" will show up in the total box. Then press "Total Value." The Review will calculate the total value of your collateral. The total IS NOT all the values added together, other factors like market value and depreciation have been taken into consideration.

Commercial Real Estate $
Residential Real Estate $
Computer Equipment $
Other Equipment $
Certificates of Deposit $
Stocks and Bonds $
Inventory $
Cash/Accounts/Notes $
Other $

"To secure the loan, the borrower must pledge available business and personally owned assets. Loans are not declined when inadequate collateral is the only unfavorable factor. Personal guaranties of the principals are required." --Small Business Administration

If you own your home, would you be willing to put your home up as collateral?  Yes      No

Step Two:    Press "Calculate Percentage."  This number represents the percentage of collateral you have versus the loan amount. 

Loan Amount: $

Step Three:    Press "Send Score" and your Collateral Score will be placed on the left-hand frame.

Step Four:  After you have printed your collateral information, please proceed to the next section by clicking on "Score" in the left-hand column or the arrow to the right.