HAVELET FINANCE LIMITED

  Unsecured vs. Secured Business Loans; Understanding their Differences and Application Methods At the point where what runs through your mind is starting up a business, one of the first decisions you’ll need to make is if you should get an unsecured or a secured loan. Typically, secured loans are preferable for business financing because they have lower interest rates, but lenders can foreclose on your assets if you default. Although unsecured loans don’t require collateral, they’re harder to get and far more costly than secured loans. Here’s what you need to know about these types of loans to determine the best option for your business. Difference between Unsecured and Secured loans? Unsecured loans are provided based purely on a borrower’s ability to repay. So,  if the borrower defaults , the lender can sue; however, they won’t have liens against any of the borrower’s property, so they can’t foreclose on and seize any property to get their money back. While Secured loans require you

  NON-RECOURSE LOAN FINANCING Meaning of a non-resource loan, the lenders and what it take to qualify? These are an immanent questions that needs attention . From your mortgage professionals, we’ll give you the rundown of what you need to know about non-recourse loan financing. WHAT IS NON-RECOURSE LOAN FINANCING? A non-recourse loan is a loan secured by collateral, which is usually some form of property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. In short, lenders can collect the collateral but may not go after the borrower’s other assets. Havelet Finance limited have given this above definition on the contrary. Most times, we analyze borrowers capacity, then require just a certified promissory note/or personal guarantee for repayment of the loan. While potential borrowers may find it attractive to apply for a non-recourse l

  How to achieve non-recourse financing for renewable power projects Given the current bankability status of PPAs, it is important to secure a loan for the projects which is guaranteed by a charge on specific assets or on the revenues  generated from a specific project or assets . This is how a non-recourse financing works. If the borrower defaults and the security does not realize the full value of the loan, the lender cannot recover the shortfall from the borrower or from its other assets or revenues. In essence, the ability to reach  non-recourse financing  arrangement will mostly depend on the negotiation between the lenders and the borrowers, e.g. whether or not the collateral is sufficient to cover the repayment obligations, as well as the  potential economy benefits of the projects , from the lenders’ point of view. Meanwhile, the concept of non-recourse financing is barely introduced Globally, and it is quite difficult to find a bank which is willing to finance projects on non-