Chicago, IL (PRWEB) February 20, 2012
Clopton Capital, a business loan provider based in Chicago, IL, has just started offering business loans under non-recourse terms for business loans that are equal to or greater than $1,000,000. The firm came to this decision based on prior business loans being fulfilled more reliably than they had expected. The loans being non-recourse means that if and when the business loan were not to be paid as agreed and the original collateral used to secure the loan was seized by the lender and the value of this property did not equal at least what the loan was issued at, there would be no right by the lender to take legal action to recover capital lost by issuing the loan. “The way a non-recourse business loan is structured leaves the borrower a very small amount of exposure to risk. Look at it this way, if I lend you $1,000,000 and you don't pay the business loan off, then I take your commercial property and can only acquire $900,000 from your collateral, it's simply my problem. This is the drastic difference between recourse and non-recourse,” said Jake Clopton, the founder of Clopton Capital.
The firm currently markets their business loan products through CloptonCapital.com and specifically through the web page CloptonCapital.com/businessloans.html. “With these new abilities to issue larger business loans without recourse it should be easier than ever for us to lend money, and easier than ever for borrowers to utilize our services,” said Matt Reed, an associate of CloptonCapital.com. The firm also issues full recourse loans for more risky purposes or ventures. The firm intends to continue to provide both options and utilize the appropriate method for each borrower.
Clopton Capital can be contacted at their website CloptonCapital.com or by phone at 866.647.1650. To join their financial link exchange please visit CloptonCapital.com/link.