The current difficult economic situation makes it difficult for many people to get loans because most who give loans doubt their ability to pay off these debts, for those of us who have a business, the easiest thing is to get additional capital by providing collateral for land or other assets, as long as we are serious about developing business then we will be easy to pay debts.
In my opinion, this is not a better solution if someone who is in need of additional capital to expand their business has to mortgage their land as collateral. Because there is a much wiser solution in my opinion if someone wants to get additional capital for their business, for example if he has a vehicle or other jewelery assets, it is better for him to use this to get additional capital rather than having to provide collateral for his land to the borrower.Because jewelry and vehicles can still be bought back if someone cannot pay off the loan when it is due. But for land, I think it will also be difficult for him to get it back if it is confiscated by the borrower when the loan cannot be repaid on the specified schedule. So you also have to be wise in taking loans and also in pawning assets so that you don't experience more difficulties in the future.
