Finance Seeking
Mezzanine capital provided to a business that already has debt or equity obligations is often subordinate to those obligations, increasing the risk that the lender will not be repaid. Because of the high risk, the lender may want to see a 20% to 30% return. Debt financing for your business is something you likely understand better than you think. Although it is possible for private investors to offer it to you, this is not the norm. Personal finance includes a range of activities, from purchasing financial products such as credit cards, insurance, mortgages, to various types of investments. Banking is also considered a component of personal finance because individuals use checking and savings accounts as well as online or mobile payment services such as PayPal and Venmo. Credit risk is inherent in the business of banking, but additionally, these institutions are exposed to counterparty credit risk. As above, finance comprises, broadly, the three areas of personal finance, corporate...