Recourse Loans Vs. Non-Recourse Loans.
Recourse Loans Vs. Non-Recourse Loans. BECTIC FINANCE COMPANY LIMITED website : becticfinance.com Email : info@becticfinance.com Sktype : bruce.fung001@outlook.com What is a recourse loan? #bankinstrumentproviders, #StandbyLetterofCreditprovider, #sblcproviders, #leasebgsblc, #leasesblc, #leasebankinstruments, #businessloans, #businessloanlender, #smeloans, #nonrecourseloans #becticfinancecompanylimited, Bank Instruments Providers, Bank Guarantee (BG) Providers, Standby Letter of Credit (SBLC) Provider’s, Bank Instrument (BG/SBLC) Monetizers. Recourse debt is a debt that is backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default as opposed to foreclosing on a particular property or asset as with a home loan or auto loan. Recourse loans are loans that allow the lender to seize many of the borrower’s assets if th...