Okay, so what’s the wildest collateral anyone’s ever seen a lender actually accept for a business loan or merchant cash advance? I’m talking stuff that made you go “wait, they took THAT?”
Last year my buddy was desperate for quick working capital to keep his food truck afloat after the health department hit him with a surprise repair bill. He swore the funder let him put up his 1970s arcade machine collection (like original Pac-Man, Galaga, the works) plus a beat-up espresso trailer he barely uses anymore. I thought he was pulling my leg until he showed me the contract. Has anyone else run into lenders who’ll get creative like that when the usual invoices or real estate aren’t on the table?