Banks here *Georgia doesn't count collateral, they count risk factors, and when you are new business they easily say no, because they want to deal with well established businesses, they prefer to lower own risks to the bare minimum, nobody wants to deal with your collateral take it and sell, they just want to earn money on their percentages.
This is somewhat telling. I don't quite understand why the banks would not accept real property as collateral, unless of course the real estate is already under mortgage. If the property is owned by you, with no outstanding liens, and the banks will still not accept it as collateral that shows the risk involved in fulfilling your loan is more than the potential gain. Banks are in the business of making money, and they tend to be risk averse. In my opinion there is no better judge of the risk inherent in your request than the banks in your country.
