http://www.independent.ie/business/...ation-letter-as-loan-collatoral-35283905.html
"...ISME, which represents small to medium companies, has written a letter to Minister for Finance Michael Noonan raising concerns over a bank allegedly seeking signed, undated letters of resignation as collateral for a business loan..."
Just wonder what the lender strategy is here, if the suggestion is true.
Thanks as always.
"...ISME, which represents small to medium companies, has written a letter to Minister for Finance Michael Noonan raising concerns over a bank allegedly seeking signed, undated letters of resignation as collateral for a business loan..."
Just wonder what the lender strategy is here, if the suggestion is true.
Thanks as always.