Loan to a company

Gurdeep Singh (1 Points)

16 August 2017  

Respected Forum,

I am a banker dealing in credit portfolio. I have been approached by a company for sanction of credit facilities. To collaterally secure the proposed loan company has offered the property standing in the name of one of the directors. Please guide me “can the property offered as collateral security be accepted or same shall be leased out to the company first”.

Regard

Gurdeep singh