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3. Mortgage: This may be classified into secured and unsecured loan. Less than secured financial loan, the assets from the project are held as collateral in opposition to the bank loan. Underneath unsecured personal loan, no property are backing the financial loan quantity as well as the bank loan is obtainable based upon the credit worthiness with the project or Firm.

As soon as a suitable lender is discovered and has expressed a desire in collaborating with the project, the legal documents are signed as well as funds for the project are sent.

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